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Technology Stocks : Advanced Radio Telecom (ARTT)
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To: DubM who wrote (689)5/17/1999 9:31:00 PM
From: Obewon  Read Replies (2) of 1176
 
''As to the status of the financing, although significant progress has been made, it is taking longer than expected to complete the process,'' Hirsch added.

REALLY??!!!!???

As I suspected, the lack of capital has hamstrung the company. Buyout is the only viable option and the ONLY way we are going to see this stock above $15. I'm somewhat surprised that they have as much current assets as they do. I find it interesting that they did not break out current assets into cash, receivables, and inventory.

Obewon
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