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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (27680)4/24/1998 5:04:00 PM
From: Exacctnt  Read Replies (1) of 132070
 
Mike, I was looking at GZTC's earnings press release. I thought that it was odd that they are reporting on their balance sheet a Cash balance of $10.5M. They disclosed that they completed their preferred stock equity financing in the first quarter for $20M. Where did that cash go? The completion date was March 26. Are we experiencing a "check is in the mail" scenario.<g>

Regards,
Bob
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