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 (1596)	7/29/2002 10:52:15 AM
From: Mahatmabenfoo	Read Replies (1) of 1878

Yep, I'm hysterical! Meanwhile, in the real world, even your favorite pump is admitting that 4 years after claiming a "Backlog" of $42millions it really has NOTHING to sell and NO PROSPECTS of getting anything to sell. Do you know what necrophilia is? You're practicing the financial equivalent. - 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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