Vitech America tackles Brazil Message Board

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Technology Stocks : Vitech America tackles Brazil

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To: dave luken who wrote (54)	6/21/1997 6:07:00 PM
From: robt justine	of 153

Dave: Thanks for reminding me. The other item that the author fails to take into consideration (as with ignoring the most recent sales figures of max 32% from largest customer) is that Vitech's provision for bad debts in this past quarter was 4.5%. I agree with you that this was a hatchet job. If true, he is onto some very incriminating stuff here; but he damages his own credibility by painting the numbers and ignoring most recent quarterly financials. Your post a few days ago is even more appropriate now. "Where are they going to get the 12 million"? PS: My short interest table was screwed up by the browser monster. I'll try again. Short Interest on VTCH: 10/96....0 shs 11/96....59430...........(early short interest is most likely the 12/96....12470...........underwriter using an overallotment to 01/97....9950........... support the deal) 02/97.... 2298 03/97.... 5774 04/97....249278 05/97....476526 06/97....TBA

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