MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: High-Tech East who wrote (14609)	9/19/2002 11:36:04 PM
From: Zeev Hed	Read Replies (2) of 19219

High tech, they have $7 MM on hand (after raising another $15 MM last quarter), they burn (without going into production) $10 MM per quarter, they will need at least another $50 MM if all assumptions are right about solving technical glitches (and this company has a 10 years history of glitches, to me it indicates something is fishy with the technology, not necessarily the people running it). That means two things, a reverse split and before that some 100 MM shares. Do you think they have a good chance to reach $100 MM in sales ($1/share) in let say three years? If they do, they need another $35 MM or so in working capital (and I am assuming that they have the equipment for that sales rate, which is not that sure since they junked a bunch of the equipment they got. This company has gone through $350 MM of OPM and have nothing to show for it, I doubt they will survive. Zeev

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