SI
SI
discoversearch

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.
Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?


To: samcat9 who wrote (2809)8/13/1999 1:38:00 PM
From: Meisterama  Read Replies (2) | Respond to of 2887
 
samcat, at this point I will continue to hold my core shares, which is a fairly sizable position (at least in number of shares, but not by dollar value any more). But I definitely won't be buying on the dips anymore!

The good thing about the cash deficit, as usual, is that the debt is not of the type that is likely to lead to bankruptcy soon. Most of it is owed to major shareholders, lessors (insiders), plus some accounts payable. Unfortunately, the payables are growing, which is of some concern.

Rash really needs to suck it up, step forward like a man, and tell shareholders what is going on. If he does not, I can guarantee he is going to pay the price at the annual meeting.

I agree with you. IMO, what he has done for shareholders recently could have been done by an untalented 14-year old. I have stepped up and praised Rash in the past when he has deserved it, but he is not blameless by any means in this year's share price disintegration. Maybe his options should be replaced with actual common shares, so he can see his own net worth drop along with ours...