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Biotech / Medical : PHP Healthcare
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To: CMon who wrote (71)7/28/1998 12:06:00 PM
From: DENNIS DOCKERY  Read Replies (2) of 136
 
THE WINNER ARE THE SHORTS. WILL THEY COVER NOW. NO, THEY SEE IN THE SINGLE DOLLAR RANGE. THIS COMPANY HAS MORE PROBLEMS THEN WHAT HAS BEEN LET ON. THE DILUTION BY THE PREFERREDS IS NOW ENORMOUS. THE COMPANY'S CASH IS DRYING UP. WHY DID THE COMPANY SPEND $17 MILLION BUYING BACK ROBBINS SHARES? THAT IS WHERE THE BULK OF THEIR CASH HAS GONE. NOW THEY ARE FORCED TO USE THE CREDIT LINES.

WHAT IMPACT HAS THE DISCONTINUED OPERATIONS HAD ON MOST RECENT EARNINGS AND PROJECTED EARNINGS?

THOSE HOLDING SHARES NOW WILL BE FORCED TO BE VERY LONG TERM HOLDERS. I HOPE THE COMPANY SURVIVES.

THIS HAS BEEN A VERY SAD STORY!!!!
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