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Technology Stocks : NextPath Technologies: NPTK -- Ignore unavailable to you. Want to Upgrade?

To: CJ Quantumwell who wrote (87)11/23/1999 4:54:00 PM
From: Q.  Respond to of 106
 
CJ, in the 8-k, I think that "non-operating" means a sort of shell division of the company.

When they complete an acquisition of a real company, for example Willow Systems, they merge one of their "non-operating" subsidiaries with the acquired company. At that point, the formerly "non-operating" subsidiary becomes an operating company. At the time of the 8-k, only Laser wireless had undergone this process. Since then Willow Systems has.

At least, that's my best guess.

It is an unusual scheme, I think.



To: CJ Quantumwell who wrote (87)11/23/1999 4:55:00 PM
From: Q.  Read Replies (1) | Respond to of 106
 
The 8-k suggests that the company has no cash:

"In transactions in which NextPath agrees to acquire a company for cash, it will have to locate financing from
third-party sources such as banks or other lending sources or it will have to raise cash through the sale of its securities."


Since they've schemed to avoid disclosing their balance sheet, this is about the best info we have about their financial condition.


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