Versatech (VITC) Message Board

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Non-Tech : Versatech (VITC)

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To: Jerry Held who wrote (110)	6/8/1997 5:42:00 PM
From: Sid Turtlman	of 435

Jerry: I am amazed that, despite the obvious signs that this so called company is a total house of cards, you have your presumably hard earned money in the stock and haven't bothered to look at the 10-Q. I guess that is the sort dimwitted investor behavior that is characteristic of the manic phases of bull markets - people trust everything they hear, if it is what they want to hear. (I am assuming you are a naive investor, and not a paid shill for DHMG.) I am willing to help you along with this - but I am not going to just tell you the answer. That would be too easy, and you wouldn't learn the lesson. Instead, I will ask you to download the 10-Q from the SEC EDGAR web site, and will ask you some questions. If you get them right, then I will ask you another question or two. It won't be long before you are telling me the answer. Let's start: 1. Take a look at the 10-Q for March 1997 2. Take a look at the income statement. Any income item that stands out? I'll give you a hint - it is a fairly round number. 3. Look at any sources you want about the Centennial Technologies scam that collapsed earlier this year. What was the essence of that fraud?

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