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Technology Stocks : Madge (MADGF)
MADGF 5.300-5.1%Oct 31 9:30 AM EST
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To: candleLight who wrote (3369)11/24/2000 6:41:08 AM
From: Madharry  Read Replies (1) of 3379
 
I looked at the number for Madgf and they are truly horrible. The only good thing i can say about the company right now is that it looks like Mr. Madge is willing to shove $60MM of his own money into it to keep it afloat, rather than pulling the plug and moving on. COnsidering that the present market cap is only $68MM, and I think he owns half of the company, that is a major commitment on his part.
$30MM of his funds are committed at a price of $3 1/8 I believe.
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