METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.00520

-13.3%

3:02 PM EST

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To: Greg S. who wrote (2723)	11/26/2000 8:41:50 PM
From: Sir Auric Goldfinger	Read Replies (2) of 3376

Seen a quote on the bank debt? It is 40 cents on the dollar. It and the converts sit ahead of you and there is, in no uncertain terms, not enough cash to even carry this thing to operating cash flow profitability. It's very simple math: IF, MCOM survives, the current equity gets washed out COMPLETELY. So have a Merry one, you fool, this is another $10 stock that's gonna trade like GSTRF adn IRDF and all those CLECs that flew off a cliff leaving no skid marks. You want some return, you better buy something higher up in the cap structure/ Oh that's right you're just here for a week when it goes back to $13. Not me, I'm here for "circle the drain trade."

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