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Strategies & Market Trends : Bottom Fishing -- Ignore unavailable to you. Want to Upgrade?

To: Bud G who wrote (2)	6/15/2000 1:26:00 AM
From: Jon Khymn	Respond to of 13

Hey dude, quite interesting list you got there. Guess you can't go wrong with T and PG at this price. I'll might nibble some T. ATHM is tempting too... NATS and CN, first time seeing them. CN certainly is interesting company.... I think the company should pay dividend of $6 to the stock holders, then rest will be freebie <g> What are they gonna do with all those cash? Are they going to incubate dot.coms? ------------- Copied B/S of CN. PART I. FINANCIAL INFORMATION Item 1. FINANCIAL STATEMENTS CALTON, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS February 29, November 30, 2000 1999 (unaudited) ------------ ------------ Assets Current Assets Cash and cash equivalents ................................. $ 34,998,000 $ 33,786,000 Securities available for sale ............................. -- 1,339,000 Holdback receivable - current.............................. 708,000 1,205,000 Receivables ............................................... 424,000 337,000 Prepaid expenses and other assets.......................... 318,000 202,000 ------------ ------------ Total current assets ................................... 36,448,000 36,869,000 Holdback receivable........................................ 2,299,000 2,842,000 Securities available for sale ............................. 1,754,000 16,000 Notes receivable .......................................... -- 338,000 Goodwill, net ............................................. 360,000 233,000 Fixed assets, net ......................................... 241,000 143,000 ------------ ------------ Total assets............................................. $ 41,102,000 $ 40,441,000 ------------ ------------ Liabilities and Shareholders' Equity Accounts payable, accrued expenses and other liabilities $ 2,053,000 $ 1,350,000 Net liabilities of discontinued operations................. 450,000 437,000 ------------ ------------ Total liabilities........................................ 2,503,000 1,787,000 ------------ ------------ Shareholders' equity Common stock............................................... 285,000 283,000 Paid in capital............................................ 32,695,000 32,636,000 Retained earnings.......................................... 13,888,000 14,951,000 Less cost of shares held in treasury....................... (8,698,000) (8,698,000) Accumulated other comprehensive gain (loss): Unrealized gain (loss) in securities available for sale.. 429,000 (518,000) ------------ ------------ Total shareholders' equity .............................. 38,599,000 38,654,000 ------------ ------------ Total liabilities and shareholders' equity............... $ 41,102,000 $ 40,441,000 ------------ ------------

To: Bud G who wrote (2)	6/15/2000 1:42:00 AM
From: Jon Khymn	Respond to of 13

One of the today's top loser INDYY seem to be over done, now at 8 1/2. The company is growing, the problem seem to be not being able to send the invoice on time... it doesn't seem to be a big deal. ----------- Wednesday June 14, 3:35 am Eastern Time Company Press Release Independent Energy Holdings Plc - Response to Share Price Movement LONDON--(BUSINESS WIRE)--June 14, 2000--The Board of Independent Energy Holdings Plc (the ``Company'') (TICKER NUMBER:INDYY) has noted the recent movement in the prices of its ordinary shares and American Depositary Shares and wishes to clarify the Company's current position. In its results announcement of 17 May for the nine months to 31 March 2000, the Company referred to its difficulties in the timely billing of customers in the sub-100kW market, which represents approximately 40 per cent of the Company's turnover. Progress towards the resolution of this issue continues, but has been slower than anticipated. The level of billings delayed is (pound)119 million (against (pound)112 million at 17 May), albeit against the background of the continued growth of the business. To address this, the Company has significantly expanded its in-house billing infrastructure for this market. This expansion is enabling the Company to transfer additional customer accounts from its outside billing service provider to its in-house facility. The Company's current billing position does not yet fully reflect the benefits of these recent improvements, which the Directors believe will lead to the resolution of the sub-100kW billing problems. In the above 100kW and gas markets, which together represent approximately 60 per cent. of its revenues, the Company continues to bill its customers in a timely manner using its existing in-house systems for these markets. The Board is keeping under close review the Company's actual and forecast cash position and the utilisation of its bank facilities. Based on its current expectations as to the rate of cash collections, levels of Electricity Pool prices, and the continuing availability of the Company's banking facilities, the Board believes that the Company has sufficient working capital available for its current requirements until the expiration of its revolving credit facility on 29 September 2000. The Company is in active discussions to put in place an appropriate longer term facility which will provide for its future working capital requirements. In addition, the Company is reviewing other financial and strategic alternatives available to it. Enquiries: Independent Energy Holdings Plc John Sulley, Chief Executive Tel: 0121 705 1111 (from 10.00 a.m.)