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.

Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (3483)	11/28/2001 3:53:02 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 23786

That's what I thought about my play with Mercury Finance and Exodus. Make sure you get the actual shares so you have something when the deal is all done:)

To: Augustus Gloop who wrote (3483)	11/28/2001 3:59:38 PM
From: Alan Smithee	Read Replies (2) \| Respond to of 23786

You assume the company has assets. Not necessarily a safe assumption. Oh, yeah, they do have paper clips, pens, staplers.

To: Augustus Gloop who wrote (3483)	11/28/2001 4:08:01 PM
From: Don Pueblo	Read Replies (3) \| Respond to of 23786

I got 500 at the close for 63 cents. WTF. Downside risk is about 63 cents....

To: Augustus Gloop who wrote (3483)	11/28/2001 4:20:17 PM
From: Logain Ablar	Respond to of 23786

Gloop: From what I've read the assets are secured by debt as well as other committments. As an example the prized pipeline assets were secured by the recent debt infustion from JPM and C. The actual company stock those assets are in was just secured by DYN with its cash infushion. I think I read its like $4B of debt / equity secured by a company generating $75M of income. I'd say the assets are not worth much. It will be trading in the teens soon (as in pennies not dollars) so don't wait too long. All is in my humble opinion of course.