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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: TRIIBoy who wrote (11182)8/10/1999 11:32:00 AM
From: Pete Mason  Read Replies (1) | Respond to of 18998
 
Hi, TRIIBoy,

re: PASA

Forgive me if this is a dumb question, but regarding PASA's finances, it seems to me that they should still have most of their IPO money, about $40M, and have a burn rate of "only" $2M or $3M per quarter, so presumably they could cling to life without appreciable revenues for quite a while... what's your outlook on them financially, and what do you think will push them over the edge quickly (if anything)?

Thankx in advance,

-- Pete