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Non-Tech : Auric Goldfinger's Short List
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To: Pancho Villa who wrote (487)10/22/1998 7:56:00 PM
From: majormember  Read Replies (3) of 19428
 
"First, this is from end of Aug. by Auditors. "Our report
dated May 15, 1998 except for note 20, as to which the
date is May 19, 1998, contains an explanatory paragraph
that states that the Company has suffered a significant
net loss in fiscal year 1998, is currently in default
of its debt covenants, and has missed its scheduled interest
payments on its subordinated debt. These matters raise substantial doubt about the Company's ability to continue as a going concern.

KPMG Peat Marwick LLP"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
UTEK should have been given a 50% haircut today, what's going on.
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