I love TMANW, which I bought early today and am holding it overnight. Already a three bagger. Have the common too.
The funny thing is that I haven't even looked at the warrant/equity conversion stipulations yet, which is highly unusual because I tend to research that sort of things carefully before I buy.
I took one look at the basic fundamentals, and they look great. The heavy insider buying was particularly impressive.
biz.yahoo.com
The 10Q looks solid, and the recent financial arrangement with Mellon reflects the bank's confidence in the company:
<<On December 4, 1998, the Company entered into a Loan and Security Agreement with Mellon Bank, N.A., ("Mellon") individually and
as agent. The Loan and Security Agreement provides for a $45.0 million revolving credit facility. The Company has granted Mellon a
lien on its tangible and intangible assets to secure this revolving credit facility. Proceeds from this loan were used to refinance the
Company's previous revolving credit facility and term loan from Foothill. In accordance with the early termination provisions of the
Foothill loan document, the Company paid an early termination fee of $720,000 to Foothill. >>
Clean financial arrangement with a prestigious bank, no dilution, no funny Reg S business, heavy insider buying, strong earnings, Ecommerce angle, huge volume surge along with price increase today, sympathy play with AAGP and GIII -- these are enough reasons to make it a compelling buy.
Kimberly |
