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

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To: Pat MacD who wrote (12988)3/5/1999 7:51:00 PM
From: Soccrates  Read Replies (1) of 25711
 
PCES. You are right about the issue of the preferred shareholders. I talked with Mr. Hughesman (the CFO) and he was very straightforward about that exact issue. He told me that while liquidation was "possible" the greater liklihood was a new business combination. Only under this later scenario would the tax carryforward be able to be utilized. He assured me (as a common shareholder)that they were currently talking with companies but he could not reveal the names of the companies.

Of course this is risky. Aren't most BB stocks risky? Greater risk usually translates into greater returns. However, how many BB companies do we know that have $2 million in cash in the bank with no debt?
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