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here's a little history and financial lesson for all you savvy nwcm investors: deep throat told woodward and bernstein to "follow the money." my advice to you would be the same. ask yourself, what happened to the $ from the ipo? why does this co need $30mm of inventory? the webpal is, (here comes the history lesson) simply the interactor three years later. expect massive write-downs when the monkeys running this show admit they screwed up again. should i even discuss the bloodbath that is taking place in the fax modem business? nwcm has nothing. have you ever bothered to check how much $ this company sends on r&d? before they were smart enough to realize they should not break out r&d as a separate line item, they reported they were spending $7,000 a quarter (that's right, $7,000) on r&d. i spend more per quarter on jelly beans. forget reported earnings, they are meaningless for this company. look at operating cash flow. this company is worth, maybe, what aura paid for it- $1,000,000. here comes more history, pay attention: nwcm was in bankruptcy with the same management- that's exactly where they will return. once aura has finished milking the int'l mkt's appetite for their garbage pfd stock, they will be forced to sell nwcm stock to stay solvent. ask yourselves- to whom will they sell this garbage? best of luck. |
