SI
SI
discoversearch

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.
Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?


To: cheapbastud who wrote (6919)2/5/2002 9:56:05 AM
From: Bucky Katt  Read Replies (2) | Respond to of 48461
 
Oh my, TYC in a free-fall, which I expected, when the fat man was spouting off how rosy things at Tyco were.
Everything except the accounting...
That said, it might be time to play the dcb off of 23.50 or so.......or not...

This post, from one week ago, has made me some serious money on the downside>

Because their pro-forma accounting is b/s, and he looked like a moron trying to defend it and the "value of the 4 way Tyco split-up..."
You can fool the market for a long time, but at some point, all the b/s catches up to the game you have been playing.
I have played TYC long & short, and have done better on the short side..

Message 16977193



To: cheapbastud who wrote (6919)2/5/2002 11:29:53 AM
From: Fudd  Read Replies (1) | Respond to of 48461
 
Chris, Do I read this correctly that NET proceeds will be distributed to stockholders? And does anyone know what net proceeds are?
VIENNA, Va., Feb. 5 /PRNewswire-FirstCall/ -- Advanced Switching Communications, Inc. (Nasdaq: ASCX - news) announced today that its Board of Directors has adopted a plan of complete liquidation and dissolution, which will be submitted to the Company's stockholders for approval. Subject to approval of the plan by holders of a majority of the Company's outstanding shares, the Company plans to sell its assets, including inventory, property and equipment and intellectual property, discharge its liabilities, and distribute the net proceeds to its stockholders.

Thanks,
Fudd