Tirex Corporation (TXMC) Message Board

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Non-Tech : Tirex Corporation (TXMC)

TXMC 0.00001000

-90.0%

Mar 7 3:00 PM EST

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To: SCOOBEY-DO who wrote (1568)	6/7/2002 2:51:14 PM
From: Mahatmabenfoo	Read Replies (1) of 1878

What do you call people who question the validity of TXMC? "Bashers"? So I guess TXMC is bashing itself... Pretty funny for a company that started off 4 years ago claiming to have a $41 million backlog in orders -- none of which turned out to be real. I guess TXMC's idea was to fool shareholders. Guess it worked for awhile. Guess it's still working for some of you. - Charles =========== from May 2002 10Q Customer concerns with respect to the effectiveness of our TCS Technology and its long-term performance, combined with the capital cost of buying such a system, has resulted in a lack of Purchase and Sales Agreements. In the absence of contractual performance guarantees or bonds, which we have heretofore been unable to supply, customers have consistently deferred the conclusion of Purchase and Sales Agreements. With our deteriorating liquidity position in the second and third quarters of fiscal 2002, our ability to deliver TCS Systems has been questioned.

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