Engage Technologies Inc - (Nasdaq - ENGA) Message Board

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Technology Stocks : Engage Technologies Inc - (Nasdaq - ENGA)

ENGA 0.160

0.0%

May 26 5:00 PM EST

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To: StormRider who wrote (742)	8/8/2001 3:03:01 PM
From: Glenn Petersen	Read Replies (1) of 754

I took a quick look at their recent filings and the situation looks bleak. They had negative working capital at the end of April and if they continue to burn through their cash at the current rate they will run out of cash sometime before the end of the year. It is my understanding, and I am by no means an expert in this area, that they have some pretty good technology. It is amazing that this company still has a market cap of $70 million. My guess is that the situation continues to erode and that someone ends up buying the company for a song. Good luck. do you own this stock?

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