WCAP - Winfield Capital: Insider buying Message Board

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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

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To: Dale Baker who wrote (1293)	1/27/2001 12:00:48 PM
From: blankmind	Read Replies (1) of 1305

Dale, WCAP is no CMGI - on CMGI - as of 10/31/00 finl st: - CMGI is cash flow negative by $250 mill/qtr. I took out the sale of stocks & the such. I also took out non-cash items. CMGI is clearly losing cash - $2 bill in cash & such - 8 bill of other assets that i value at less than that - about a $1 bill in liabil - over 300 mill shs o/s - or about $6 per share cash value - very approximate - Net cash used for operating activitie: $211 mill - bottom line is that CMGI may be broke in 2 1/2 years based on the current burn rate - WCAP, on the other hand, has about $19 mill in cash & investments in companies such as Capstone & Commerce that are extremely attractive

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