Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (15894)	9/21/2001 11:56:17 AM
From: Brad Davies	Read Replies (2) of 18998

Mr Pink, excellent analysis of WEBX. You should also note the weakness of their balance sheet. Cash of about 28M last quarter, but they took on 5M in debt and did a financing where they sold 21M at 11.00. Based on current burn, they have just enough cash to last through December. Of course, as the longs like to point out, that presumes they continue to burn at the same rate, and they have announced they expect to be profitable by the end of the year. I'll beleive that when I see it. By the way, what's your take on MEDC flaunting the market and actually moving up. I find that very annoying.

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