>>>His financial data was incorrect.<<<
Um, so why should we believe that it will be correct this time around?
BTW, for all who emailed me, I did decide I would not be emailing out the report, but you can view a slightly earlier report by David P. at
akinrin.com It is essentially the same report, although he did goose the numbers up a few weeks later. I decided not to email it because International Grandmaster on the Yahoo! FIBR thread pointed out that .doc files can contain a virus, and I sure don't need to be accused of sending out a virus.
>>>This number could increase going forward, but not by millions, maybe a few hundred thousand here and there as needed.<<<
Why do you suppose that FIBR won't use the same financing scheme to ramp up the new products? There is a need for money, and they have shown a willingness to use this method of financing. Has their financial situation improved enough so they can get conventional financing? Do you really think a secondary is a possibility? Par said in the 12/97 conference call that (at least some of) the extra 30 million shares would be set aside to finance the ramp up. Why should I believe they won't be issued? The company doesn't have a good record of disclosure on this matter, IMO. Frankly, I'll believe they are delivering shareholder value when I see it.
Barb |
