Official Payments Corp. (OPAY) Message Board

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Technology Stocks : Official Payments Corp. (OPAY)

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To: Glenn Petersen who wrote (45)	12/17/2000 8:09:54 PM
From: Glenn Petersen	Read Replies (1) of 50

As of September 30, 2000, OPAY had $3.32 in cash per share. If you net out their noncash charges (primarily stock compensation charges) with their losses for the first nine months of 2000, the burn rate approximates $3.4 million per quarter. The IRS will be mailing out their tax forms during the second week in January which should generate some publicity for OPAY. They processed over $630 million in federal tax payments last spring and they have been adding a steady stream of new clients. The stock ran up last year in anticipation of the IRS mailing. Different times, though not a lot of risk at these levels.

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