Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (565)	4/3/1998 1:51:00 AM
From: CalculatedRisk	Read Replies (1) of 4634

Bill, TAVA. I'm starting to sniff around ... is this Company a complete joke? They have 20.2 Million shares outstanding and 633K Warrants that they just called ... so the market cap is 20.8M X 12 3/4 = $265 Million. For a money losing operation with annual revenues of about $40M and poor gross margins! They have 200 Million shares authorized ... that is NOT a misprint. They are burning cash (IMO that is why they called the warrants - to raise cash for operations). They just converted all the preferred to common ... and employees exercised a boat load of options ... I smell a "death spiral" convertible coming! PlantY2Kone is a "methodology" for identifying and fixing embedded system problems. (What other Company hyped a "methodology" CD ... hint: Can you say Ardes2K?) This is the great product? I'm just learning the cast of characters ... it appears "C.K. Houston" is the company lackey ... check this post out: exchange2000.com "VERY likely" and "rumor" in the same post <g>! Best Regards, Bill

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