LBRT - Liberate Message Board

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Technology Stocks : LBRT - Liberate

LBRT 18.55

-0.1%

Dec 24 12:59 PM EST

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To: Dave who wrote (384)	11/27/2001 7:02:48 PM
From: BRA	Read Replies (2) of 409

I have to disagree with you about LBRT losing 1/3rd of its market cap each year. It started trading in mid '99 at around $8 per share - currently trading around $9/share. To me it looks like the market cap has increased over the 2 1/2 years of trading (O.K. so you have to overlook the astronomical $150/share that it reached in early '00). To start talking about bankruptcy seems a little premature. They are still sitting on approximately $250 million in cash. At current burn rate (which is improving) they have at least 2-3 more years too figure out where the next chunk of cash is going to come from.

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