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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Susan Saline who wrote (17197)	11/11/1998 8:55:00 AM
From: Ron McKinnon	Read Replies (3) of 53068

KTEL well here we go again, looks to open up about 10, at 33 in pre market some stuff from their financials they used to make a bit of profit, now they are in the red negative cash flow tangable book value is negative all assets are pledged to their bank when they need some money they either borrow from another company the Chmn owns or buy product fom him on extended terms (wonder if they pay a fair market price for this stuff gg) they say they may not have enough cash to fund the internet site the President left in Sept but the company did not put out the news for over a month the new Pres is a 2nd cousin of the Chmn the Chmn used to own 72% of the stock interesting that during the last two stock run ups he sold 1,500,000 at 15-33, and 700,000 at 11-15 he also has options to buy 600,000 more shares at $2.00 which he could sell right now at $30++ what a wonderful world this market is

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