>>...almost zero tangible cash value
wrong, Rob. let's not spread false info, ok?
from their sept SEC filing:
Since inception, the Company has incurred significant losses and as of September 30, 1998, had an accumulated deficit of $115.6 million.
…and…
At September 30, 1998, the Company's cash was $14.9 million, compared to $1.9 million at December 31, 1997. Marketable securities balances, which include highly liquid investments with maturities of three
months or less, were $322.4 million and $123.5 million at September 30, 1998 and December 31, 1997,
respectively.
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do the math. |
