Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Henrik who wrote (3817)	8/28/2001 12:08:30 PM
From: Razorbak	Read Replies (1) of 206327

GW Henrik: I can't find any issues in the financial statements that would lead me to believe the Company is in imminent risk of bankruptcy, which the current price action seems to be implying, and I have a little experience in this area. On the contrary, the balance sheet looks pretty good. They had $60+ MM in positive working capital at the end of Q2, and $60+ MM of cash in early August. The only thing I can think of is one of three possibilities: 1) Natural market reaction to falling gas prices. 2) Running of stops on what is otherwise an average volume day (so far). Time & sales info appears to be mostly smaller-volume sales by Joe 6-Pack. 3) There could be an equity or debt offering (e.g., shelf registration) in the works? Just my two cents. Other views would be appreciated. Razor 3)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next