Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ADFLEX SOLUTIONS ( AFLX ) -- Ignore unavailable to you. Want to Upgrade?

To: Dean LeCar who wrote (714)	7/21/1999 3:37:00 PM
From: Kent Sarikaya	Read Replies (1) \| Respond to of 718

Dean, many questions are unanwsered in this deal. And those answers given are questionable. One for example, was posted about talking with the company and how none of the management was making out in this deal... yet in the SEC filing you see that Sanghai gets like a $100 thousand bonus for making the deal. Also the Bank put a lot of pressure on them, no doubt they did default but it is pretty obvious things are turning positive. It would make sense to me if I were a sharehlder or board memeber of that bank to extend more credit, I mean the quarterly operating expenses were 44 million a year ago and the company was beating that the year prior in what was already a tough market. AFLX was profitbale long after the others had tanked if you remember, at least a year. They are selling the company for 30 some million and yes they are paying the 30 million debt, but the company was profitable minuses chrages this quarter, They are selling the company for lesss than one quarter's operating expenses, that makes no sense. AFLX was like a victim of an accident at a crash scene. Before the accident a bright future doing well. After the crash, alive showing signs of life and improving conditions on the way to the hospital. Gets to the hospital and the HMO decides not to offer service or grant him a room. The family is outraged and that of course is us shareholders. Why would the bank want to recoup, what for them is a little debt of 33million, when they could have had on going profits from dealing with AFLX for years, if they just supported them a few quarters. When you read the filing AFLX said it did this to stay viable and keep things going for the company. INVX did not buy AFLX to shut down a competitor but to absorb them. If they see a future in AFLX and are smaller than the bank, why couldn't the bank see it? I'd better stop here, it gets my blood boiling when we talk about this deal. I almost had my self in a zen like state to accept this but when you think about it... it stinks.