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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (16170)	12/3/1999 10:39:00 AM
From: Joe Smith	Respond to of 57584

Glad to have that one under 4. Not playing with it at all...

To: Rande Is who wrote (16170)	12/3/1999 10:41:00 AM
From: Lola	Respond to of 57584

Rande that $35/share cash on NATS is a mistake. They shouldn't have put that in the filing ... it's misleading. Lola:)

To: Rande Is who wrote (16170)	12/3/1999 10:47:00 AM
From: Lola	Read Replies (1) \| Respond to of 57584

NATS ... fuddle and I looked at this $35/share cash thingie earlier Rande ... here's the explanation for why it can't be true they have that much cash per share. Lola:) ++++++++++++++++ To: Lola (1123 ) From: fuddle Sunday, Sep 12 1999 2:21AM ET Reply # of 1835 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...

To: Rande Is who wrote (16170)	12/3/1999 11:11:00 AM
From: redwood	Respond to of 57584

mirm......otc:bb...$7 today....up big this week.....submitted forms to file....autoparts website coming soon....dec 9 will speak at big auto conference....was on cnbc the other day....picked this off of rocknj's position-trader.com any opinion on this an how one should look at a stock like this that is non reporting but going in that direction...better to stay away or delve deeper......redwood