Telos (TLSRP) preferred Message Board

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Microcap & Penny Stocks : Telos (TLSRP) preferred

TLSRP 41.10

+0.2%

Nov 23 4:00 PM EST

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To: mikehunt2 who wrote (97)	12/6/2005 5:52:22 PM
From: wdwd	Read Replies (1) of 190

That's a hard one to answer because it is not a common stock but in essence a debt instrument trading as a preferred with a distinct call value on it. The bet here is that they will have enough cash or intent to pay anything. Right now the full"value" of the preferred stock is appx $21.86 (take the preferred amount on the balance sheet 69,646m divided by the shares outstanding 3,185). But since they have 29m in ar minus 21 in ap for 8 mill in working capital minus 8 mill secured on the line and 82 million owed between the sub debt, private preferred and the public preferred for a minus cash position of 82 million it doesn't look good. My guess they will probably stall, drain the company till the end. But it sure is fun to watch.

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