SUBMICRON SYSTEMS (SUBM) Great Buy! Message Board

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Technology Stocks : SUBMICRON SYSTEMS (SUBM) Great Buy!

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To: Marty who wrote (945)	3/6/1999 1:31:00 AM
From: jeffbas	Read Replies (1) of 982

Marty, I do not think many people would distinguish between the $1/8 low and zero. Unfortunately, my view has been basically proven correct. Have you bothered to notice the onerous terms of recent debt additions. There is an old saying that when the bank has loaned you enough money you own the bank not the other way around. That is the position these guys who loaned them so much in the past were likely in. The company knows who I am since they send me an interest check quarterly. Since I am stuck with my debt, I am very thankful we have Ferran running the company. If anyone can do it he can. I wish him all the luck in the world. There is nothing more I would like than see him land some good business, make some money, and get the stock price up. Then guys like me can convert and get out even. That is what the common shareholders need as well, in order to eliminate debt and create positive net worth - necessary precursors to really significant price recovery. Alternatively, as I have said before, if he creates a quality operation, he might be able to sell the company for a similar result.

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