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Technology Stocks : Network Connection , Inc. (TNCX)
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To: ECAC Hockey who wrote (303)7/10/1998 11:02:00 AM
From: port_mgr  Read Replies (1) of 330
 
Mr. Loos, You are certainly an annoying old artist.

But let me understand you. TNCX sells a $4 million system to fit on one airplane (!). Their accountant tells them not to collect the money for the system, although they have an entire asset base of $12 million. SO the accountants tell them not to collect the money even though it represents 1/3 of their assets. What the hell are you talking about?

And how would you know what professional money managers do. For you information, some extremely successful managers -- chuck royce for one -- NEVER visit companies. Are you suggesting people need to go see a person face to face to decide whether that person is lying? They need to see if the employees are in the office at 5:10 pm to know if it is a good business? Making phone calls to competitors, suppliers, customers, etc. is a far more valuable task. Then the bs level is minimized.

Please explain the advice of coopers and lybrand, as you now have me convinced you are borderline non compis mentus and I would like to help you find someplace for you to take a long nap.

Oh yeah, in the tncx sec filings it merely describes the receivable as a 180 day term receivable that represents a large credit concentration. It say nothing about the accountants, etc. Did you imagine this, or did you "learn" this in your visit?
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