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Strategies & Market Trends : Talk to Lola:) -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (1123)	9/11/1999 9:37:00 PM
From: Clark Kent	Read Replies (1) \| Respond to of 2010

Why not pick up the phone on Monday and give them a call? Ask if they are aware of the "mistake".

To: Lola who wrote (1123)	9/12/1999 2:22:00 AM
From: SwampDogg	Read Replies (2) \| Respond to of 2010

NATS...I think that I have figured it out here and understand the misunderstanding... First of all, the Financial statement are not audited. As of June 25 1999, there was $248k in readily available cash. $51 million appears on the Balance Sheet but these are securities which are payable to customers and brokers. In fact there is a 89 million liability which is the property of "customers and brokers" which does not even include Shareholder Equity. They just seem to be scraping by and even state their reliance on short term revolving bank credit to keep them going. The $60 million figure that you had seems to be assets which are on deposit with NATS but are not the property of NATS. I hope that this helps a bit...