Peritus Software Services (PTUS) Message Board

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Technology Stocks : Peritus Software Services (PTUS)

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To: Gustav G. Widmayer who wrote (1857)	2/22/1999 5:50:00 PM
From: Larry Brew	Read Replies (1) of 1960

Gustav, One would have to have followed PTUS for awhile to appreciate thier 4th quarter report, hence the press release. PTUS lost their financial backing & had to go back and correct their SEC filings for the past several years. They weren't exactly accurate to say the least in historical reports. I expected the filings to not be corrected and PTUS to be belly up by years end,1998. PTUS fought to stay on the Nasdaq. They went back and corrected their errors believed by many to be a scam. Not going into that. I'm here for the money, not as judge or jury. Even after correcting their filings they still were removed from the Naz back to the OTC-BB. Not enough revenue or market cap, I don't know which. In their filing corrections, they forcasted a new fiscal 99 report. Somewhere around 28 million. This was 60% less than the previous CORRECTED year of 97. Layoffs, restructuring, everything they can scrape up. To me the big banana would be if they could find new money. In the quarterly they disclosed they now had new backing. I'd need to check to see who as I don't remember the name. The backing is going to help them in an effort to recover their business to a break even or better position. Also they may put PTUS on the auction block. Reading the 10Q without the history behind it would scare anyone. Not me, I'm too dumb. <gg> Well let's say I see things with a different eye. The option to do nothing and go belly up was always there. The founders made their money and could have easily run. The extensive effort they made impressed me to some degree. Also, I don't like to lose and want my money back. With the new backing they've got at least another quarter. Now, reasons for upside from about 1/2 buck. 1) They may just pull it off. 2) They may be bought out. They do have assets of about 3 million that can be questioned, but I think they're probably accurate based on their effort with the SEC filings. 3) A great opportunity for MM's to come aboard and try to get my money. That alone I find exciting. Definitely not for the faint of heart but upside potential vs downside risk looks good to me. There ya have it! Larry

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