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Strategies & Market Trends : Steve's Channelling Thread

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To: thecalculator who wrote (26558)	9/7/2001 5:40:29 PM
From: Zeev Hed	Read Replies (2) of 30051

calc, "I don't do FUD", there were 13 MM shares last year, the 20F mentions another 21 MM or so MM for the new investors, that comes up to 33 MM. Get me a URL to that 20F, and I'll try and clear it up for you. By the way, the balance sheet in their last Report (end of June) already had a healthy chunk of the Fab 2 in it, from memory, som $85 MM cash and some $$65 in building and some $23 MM in "other assets", or a total of $173 MM of their current BV of $220 MM is already "on the book". As the "investors" put more money in (and more shares are issued) that BV will increase. The $550 MM in debt (or line of credit) will not show as additional BV increase since it will show on liabilities as debt, and on asstes what ever was funded with that money (inventories, Actts receivable, plant and equip etc.). Zeev Zeev

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