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Microcap & Penny Stocks : INTERNET stocks under $5 that are ready to move

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To: RLM who wrote (28)4/16/1999 2:56:00 PM
From: Bernard Levy  Read Replies (1) of 47
 
The 50 cents on a diluted basis came from a spectrum sale
for $32M, and an operating loss of around $20M. Its cash burn
rate is about -$3.5M per Q, and it has essentially no revenue.
It will be in bankruptcy court within the next 12 months.
Sounds to me like you found yourself a real winner. NOT!
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