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Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH)
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To: tdl4138 who wrote (238)6/30/1998 8:10:00 PM
From: David Lake  Read Replies (1) of 371
 
I was seriously disappointed by the news today (which others obviously knew earlier), especially because I thought I'd done reasonable homework and selected a somewhat contrarian security that had potential for serious growth, but with an incredibly reasonable current PE.

We have been treated shabbily. The fact that the key officials were "unavailable for comment" today says it all. Not only do they have a huge loss, but they decide to also write-off and write-down $8,000,000. The worst part though is that we were given no hint of trouble.

I'm still trying to figure out what lesson to take from this experience. I've bought and sold and operated businesses, and things don't always go as planned. But one always has some notice of bad things happening. Why weren't we included in that notice?
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