Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Wayne Rumball who wrote (12980)	3/5/1999 4:24:00 PM
From: dexx	Read Replies (3) of 25711

Wayne, this is from PCES 10Q on Nov. 13, 1998. "Company's liabilities other than $2.1 million in line of credit balances, which were paid off from proceeds at closing. The sale resulted in a gain on sale in excess of $3.0 million in the fourth quarter. 3M offered positions to most PACE employees and has assumed full support of the Company's customers. Post closing the Company will have minimal operating expenses and only two employees. The Company's post closing Balance Sheet reflects cash, including the escrow balance, in excess of $2.0 million with minimal debt." They have $2 Million in CASH per Roger Hughesman and their 10Q filing. Period.

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