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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying
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To: blankmind who wrote (1302)6/18/2001 1:11:42 PM
From: rjm2   of 1305
 
Best I can tell, it aint going to be pretty. I added up known holdings at last quarter and plugged in todays prices and it only comes up to around $5.7 million worth. That plus cash is LESS than liabilities. But they have $10+ million shown as a tax liability that I guess could be reversed.

They have time...their SBA debt is due a little a time over years so there is hope I guess.

Another concern is how much their stocks have continued to fall since 3/31 ?

10K should be out with a few weeks. Maybe a week.
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