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Strategies & Market Trends : cash-rich dot bombs -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (124)	12/26/2000 9:59:15 PM
From: stock leader	Respond to of 184

yes, buddy, it is an uncertain world. i don't know NPLI's situation and don't care. the bigger the business, the more complex the situation becomes . that's why i try to focus on those stocks trading well below net cash value that have no big revenues and hardly any liabilities. FASH would be an example of that. or VCLK also. NPLI is too big and complex a situation for this discussion. liquidating a company like NPLI that has a myriad of long&short-term commitments/liabilities is not what we want to talk about here. TMNT, FASH etc would be easy liquidations though since each has small liabiliities and small revenue stream.

To: Glenn Petersen who wrote (124)	12/26/2000 10:25:49 PM
From: stock leader	Respond to of 184

BTW, the .63 buyout offer for NPLI seems very reasonable considering NPLI probably burned another $10 mill since last qtr . so total restricted and unrestricted cash would be say $70 mill today. takeout $25 mill in liability payouts and you're left with only $45 mill or rougly .70 per share. so the offer is reasonable. enough said.

To: Glenn Petersen who wrote (124)	12/26/2000 11:09:15 PM
From: EACarl	Respond to of 184

Glenn, RE <<There are no guarantees that the management of these cash rich failures will act for the benefit of their shareholders. Self interest is more likely.>> Absolutely correct. In this situation, management is basically trying to steal the company from minority shareholders at a value of less than net cash per share. Disgraceful! I see some of the minority shareholders have already filed suit to block the deal. Good for them! I would be doing the same thing. yahoo.cnet.com