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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (54561)	10/1/2000 3:59:38 PM
From: KM	Respond to of 63513

They've gotten the cash burn down to 500k per month as of the closing of the b2c website deal and have stated for public consumption that they will be profitable probably by Q4 of this year. Most of the outlay was for portal deals with AOL and YHOO which have been ditched. I expect to see a rise now that the debentures have been renegotiated and there is no incentive for those holders to have the price down. Also, some of that debt was bought by the former CEO and some of the other pp holders. The short interest is huge.