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Non-Tech : GENI: GenesisIntermedia.com Inc
GENI 11.05-1.8%3:59 PM EST

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To: Jeffrey S. Mitchell who wrote (247)10/14/2001 9:45:13 AM
From: RockyBalboa  Read Replies (3) of 574
 
No surprise here, look who is involved

biz.yahoo.com

MAII issues letter to shareholders:

biz.yahoo.com

Second, under GENI, CRD has been restrained by limited access to capital because of the leveraged balance sheet of GENI. Under MAII, this problem will be minimized as MAII has a strong balance sheet, which should result in better financing terms and better growth opportunities.

Translation: now that GENI was sucked out, we found another company with lots of cash and no debt. And what? We do it again...
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