NexCen Brands, Inc. Message Board

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Technology Stocks : NexCen Brands, Inc.

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To: Taut Knot who wrote (274)	4/20/2002 11:20:00 PM
From: Cymeed	Read Replies (2) of 295

<<<<< cash value is good, but stock price declining-is this a tomorrow stock or what? Put a little in the back of the cupboard and you should do well in five years!!! >>>>>> AETH has about $500 million left in cash and investments. Out of it, $300 million was from convertible debt which is due in 2004(?). So real cash value is about $200 million at present. But they lose roughly $60 million a quarter, every three months. That is more than $200 million a year. My question is, will they still be a viable company in 2004, by the time the convertible debt is due? I bought some shares in Q-3 2001 because of their cash value. I thought it was a value play. But I dumped after I read their 10-Q back then. I saw the company talking about acquisitions one after another, like to acquire other companies and the management's ego is above everything else. That's the impression I got from reading their 10-Q and I dumped my shares because of that. Sure enough, now the stock price is in the $4 range while I got $6.25 out of my sales. AETH needs management change for this stock to have some life. Currently arranged and managed, it is a terminal case in my view.

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