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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: Matt Hale who wrote (2098)8/29/1997 12:55:00 AM
From: Jeffrey S. Mitchell   of 10786
 
Re: Answers to Matt's Questions

Note: I've been advised not to bother with Matt because he's one of those guys that has a hidden agenda. My answer: I don't care about Matt. I'm answering these questions for the people out there that really truly might want to invest in ALYD.

1. Where are the most recent financial statements?
The 1Q numbers are in ALYD's S10. The 2Q numbers, I'm told, will be filed shortly... as in days, not weeks. Certainly they will be out before the 9/4 Cruttenden- Roth Conference.

2. How many 144's have been filed (insider selling)??
Of all the Form 144s, only two people are insiders. One is the CEO, Bob Gruder, who, before this year, had filed only one other time-- and that was to raise money for the company. The other guy is a long-time programmer. Everyone else were people who filed as soon as their shares become unrestricted. Bob is eligible to sell ~350K shares per year. That's only one good day's trading volume, and his goal is to spread it out over a year. He'll continue to sell, so get used to it. IMO, he deserves to get rich.

3. They have issued almost 20 million shares outstanding. The max they can issue is 20 million. So prez - where do they get cash to finance their operations?? No more shares to dilute.
Anyone who bothers to read the banner post can see that only 13.2 of the 20M are issued and outstanding.

4. What is their net worth??
No sense answering this until the 2Q numbers are released.

5. In order to be listed they have to release their financial statements. Where are they? (see number 1)
See answer #1.

6. What does it mean (mr prez) when stockholders' equity is negative (as it was back in 95) or real close to 0? I'll give you a hint NOT GOOD!
When you have signed contracts with billion dollar companies in '97, it means you had to be doing something right in '95 and '96. I think the people with 50 cent shares from those years are crying all the way to the bank.

7. What does it mean when their current ratio is .39 to 1? Another hint - NOT GOOD!
A clue: see answer 6.

8. Do you know anything about financial statements?
Why, you don't?

- Jeff

P.S. What are the odds Matt (Mr. I don't answer 'em I just ask 'em) decides he has another 10 important questions he wants to ask?
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