IDT *(idtc) following this new issue?* Message Board

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Technology Stocks : IDT *(idtc) following this new issue?*

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To: SliderOnTheBlack who wrote (2388)	3/5/1999 9:58:00 PM
From: blankmind	Read Replies (2) of 30916

consent agreement. consent agreement. consent agreement. if this had been done at earnings, we would be zooming. but this uncertainty has allowed for doubt to linger. a stock with a doubt that now has had a second extension, shows there are serious problems with obtaining the agreement. idtc does not have the financial backing or astute mgmt to pull this deal off. by the time they obtain bond holders consent, if they ever do, the internet phase will be over. idtc could not even hold 13 with the earnings, .06. why? earnings were 1/2 of last year, and the price deserves to be less than 1/2 of last year at this time since expenses to produce the revenue is eating the profits. similar to purchasing a rope to hang oneself. summary: next extension of consent agreement: 4 days then 6 days, then 8 days, then...... profit warning because net development is costing to much development in brazil, russia, europe, more expensive than planned more mgmt recently, more expenses idtc to single digits soon.

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