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Microcap & Penny Stocks : MSEL
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To: Glenn Petersen who wrote (1149)11/11/2000 6:42:59 AM
From: Arthur Tang  Read Replies (1) of 1200
 
Thank you for the new release published here.

The purchase price is very cheap; but it has to be balanced by the debt that MSEL assumes. The debt to be assumed is not published, hopefully it will be small after some settlement.

The plan of roll out in several month of a new entity puts the important question of what will be the burn rate, a serious consideration. When I wrote that the financial planning of the past is thrown into the wind, I was thinking of the burn rate. According to this release, they have the Value America burn rate plus MSEL personnel expenses. The deal came because of VUSA's desperation due to their burn rate, which I estimate(it is) in the order of the magnitude of $20 million per month. MSEL has to speed up the roll out and cut cost immediately before they become another Inacom.Inacom had to shut their doors because they had no income.

Fortunately, the advertizing revenue may already be there same as before. The customers are already there to be awaken by direct email. The only thing needed is the products to be sold. If they are satisfied with previous merchandise then that is just a copy of the old website with a name change. How I wish Steffensen is still here to cut cost and package it to be sold.

Good luck with MSEL now needs a rabbit foot more than ever.
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