Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (6159)	10/11/2000 6:02:29 PM
From: Zeev Hed	Read Replies (1) of 30051

Steve, It is indeed quite possible that a "non cash" loss will have to be reported. The stock did not fuss much when the "non cash" profit was recorded, so I presume that the market will pay more attention to the operational profits this time as well. If you remember, the bu$$ took a sizeable non cash charge against options issued (or issuable) and the stock did not react to that either. Where it will be important, however is the shaving of few dollars on the book value of SNDK, since the current book value includes the last "marked to market" for the half of the shares that are saleable (the restricted shares are still at cost, I believe). Zeev

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