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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: eDollar.com who wrote (4924)	6/15/1999 9:50:00 PM
From: ChopChop99	Read Replies (1) \| Respond to of 16809

TWE is profitable... Rare, but true. <g>

To: eDollar.com who wrote (4924)	6/15/1999 10:05:00 PM
From: Elroy	Read Replies (1) \| Respond to of 16809

Just breezing through CARI's prospectus. Who is buying this junk? Do I understand this correctly? Assuming underwriters exercise their overallotment, there will be 75 million shares outstanding, so if CARI goes to $20 the market cap will be $1.5 billion. This is worth $1.5 billion? Some direct quotes follow: Our company began operations in December 1996 and we have not yet delivered any of our healthcare e-commerce services. We did not generate our first revenues, which were related to the provision of management services to THINC, until the quarter ended March 31, 1999. we expect that we will continue to incur operating losses for at least the next two fiscal years and we caution that we may never achieve or sustain profitability. We believe that our business prospects will suffer if we do not deploy our services quickly. We have not deployed our architecture or processed any transactions over our CareInsite system. We currently intend to deploy access to our services by the end of 1999, although we cannot assure you that we will be able to do so at that time, or at all. We do not currently have a substantial customer base and our revenues will initially come from a few payers in one geographic market They have revenues in the 9 months ending 3/1999 of $213 thousand*, not million, thousand!!! This company essentially hasn't even begun operations yet. They have some impressive relationships with health care providers around New York, but how that translates into a $1.5 billion value, well, I don't understand. Whoever got some of this one - good luck in 60 days! A plug! If you really like CARI, check out MDMD. It's profitable, has revenues of about $40 million per year, just bought an Internet presence with annual revenues of $1 million, and MDMD has a market cap of about $65 million. Someone please explain to me how people can buy CARI and not MDMD? I know, I know, Goldman Sachs has never heard of MDMD... Elroy