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Gold/Mining/Energy : Lava Systems (LVA:TSE)
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To: Sultan who wrote (55)11/26/1998 6:33:00 PM
From: Michael Watkins  Read Replies (1) of 102
 
They sure have been spending a lot on R+D, at least up to the end of April. Wonder what they've been doing since?

With the bank debt, bigger payables, big R+D (which doesnt go away quickly), etc -- I would have to imagine that there is more of the same for this report. Even a brighter picture will still have its black spots.

And, writing off all the goodwill, this stock is trading at book value, correct?
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