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Strategies & Market Trends : Three Amigos Stock Thread
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To: Ditchdigger who wrote (11642)12/24/1998 9:22:00 AM
From: Cary C  Read Replies (1) of 29382
 
Kenny a couple of things I saw from last quarters report. Losses for the last nine months total 12+ million. They currently only have 9+ million in cash. That puts them out of money or more shares in less than 2 quarters. I didn't look into equity financing arrangements though.

I also saw that they reported (.31)from previous year and (.62) from this year. On the surface it looks like they are going backwards. It could all be associated to infrstructure and site startup costs.

Are mutual funds and institutions allowed to buy Canadian stocks? I really have no clue. Has internet mania swept through other stock exchanges in the world or pretty much just the US ones?

Their strategic alliances look very good and if they continue to increase revenues like they have been on a quarter to quarter basis
I would think the possibilities look very good.

I also noticed that they were hoping to get into other higher profit margin items, that should help also. Although computer products didn;t hurt that one internet stock here ( I can't remember the name or symbol ). It basically sold the same stuff and went pretty high if I remember correctly.

Is there a minimum price set or do they just take lowest offer. I would imagine that they have a minimum price. It was probably in the link you provided me but I scanned it pretty quickly. That might have a serious impact on their margins and even if the revenues increase it may not offset increased costs.

Cary

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