As I read through this Annual Report, I noticed Amati has some $32M+ loss accrued, for which they can take tax credits during the coming
years if and when they make money. Officers of the company don't
believe company can make profits in the foreseeable future, nor do
they see profits coming their way for ever. This is a good technical
company going down the drain.
If Amati ever gets acquired (?), does the acquiring company get to take this $32M tax credit???? Can someone, knowledgeable in this area,
answer this question for me? Thanks in advance.
I don't see a good reason why a company
of size Amati ( < $12M sales, <$1M(!!) working capital ) should have
9(!!) executive officers. They have VPs for Bus Developement, Sales,Marketing,European Sales, Worldwide sales,
Timbuktoo sales(just kidding) etc.... I think they should radically
restructure their company to even think about making money. On the side note, their property lease liability per annum is more than their
current working capital.
Overall, to say this company is grossly mismanaged is an understatement.
Later,
-tb.
PS: I'm cribbing about my investment in Amati, contributed some $$$ to
Mr. Soros. |
