Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: CalculatedRisk who wrote (16751)	7/22/1998 8:53:00 PM
From: Michael	Read Replies (1) of 18263

My Friend Bill: The predict the results contest, I assume that you are referring to Total Loss, including all one time charges. The Zit will probably be forced by law to charge off the entire cost of recent convertible bond. Also the Zit is carrying over $10 mil.(imho)in worthless assets. In order for our friend ,Jack King , to avoid the California Parole Board. He should start to take writedowns of these assets.(aka storage division). ps: notice how "nys contract" is just another "pump and dump" move by Zit. Not unlike the previous Lockhead/US Army announcement. The Zit surges and tops actually a few days before the release of the news. After the news is announced the Zit fades away. your friend, Michael

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