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Technology Stocks : GALTECH SEMICONDUCTOR MATERIALS CORP. (GTSM)

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To: gammaray who wrote (371)6/17/2002 4:07:25 PM
From: Mahatmabenfoo  Read Replies (1) of 394
 
---- We all know that words can be manipulated whereas finacial statements are clear cut in comparison.

Uh-huh. I suppose you've never heard of Enron? :)

Numbers are cooked a dozen creative ways too.

Besides I like lots of numbers in the financial reports of GTSM. My favorite this week is the LESS than $600k that GSTM sales it got since inception (1984 to today) -- and it got that at a loss on gross margin.

kinda puts the lie to GTSM claiming in 1997 that it made a $1.2M sale. Of course it was ghost money, just like the facility was a ghost.

Ghosts that may haunt GTSM one of these fine days.

- Charles
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