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Gold/Mining/Energy : GEAC.....Canadian best kept secret
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To: Ally who wrote (1519)2/2/2001 7:44:02 AM
From: micromike  Read Replies (2) of 1571
 
Another possibility for the delay is that they are just going to sell part of the company to pay off the debt.

Well like I said before the only Red Herring that I can see is why the CFO quit. If I knew the real reason then I wouldn't have a problem loading up on the shares so the next best thing is to just buy a few shares.

On the positive side the interest rates are coming down and if you take the 12 mil and 60 mil shares outstanding this gives you a minimum of $.20 EPS for Q3 plus whatever hasn't been received from the 30 days or whatever the terms of the payment are to add to the 20 cents.

Now the million dollar question is did they lose any major contracts or are they just delayed. Do they think we are going to get a pick up in IT spending for new software products.

JMHO
Mike
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