Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM -- Ignore unavailable to you. Want to Upgrade?

To: StaggerLee who wrote (341)	2/1/2000 12:30:00 PM
From: Q.	Read Replies (2) \| Respond to of 360

I assume that the financial condition of the company remains weak. The last 10Q showed negative working capital, very little cash, and a significant cash burn, as of Sept. 30. The liquidity situation was improved only very slightly by the sale of a division last year. The stock now has a market cap of $123 M, as compared to net tangible assets for the company of only $5.2 M. The stock is highly overvalued, IMHO. The next 10Q, which is due in 2 weeks, will most likely show a continued weak financial condition. I've seen no indication that the company has found any quality customers. I would speculate that the stock is being pumped in an attempt to arrange a private placement.