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Technology Stocks : Number Nine Visual Technology -- Ignore unavailable to you. Want to Upgrade?


To: Sharon Button who wrote (856)2/25/1998 6:08:00 PM
From: Observer  Read Replies (1) | Respond to of 1183
 
To all:

I am getting more and more intrigued by this string. So many people know so much and all of them have joined in February... CR, SB, HS. My curiosity prevents me from asking how many of you are CURRENTLY working at the company. So I won't.



To: Sharon Button who wrote (856)2/25/1998 9:16:00 PM
From: JAG  Respond to of 1183
 
I listened to the conference call and Andy had very little to say and did not communicate it well. Why is he trying to run the company. It is obvious that he does not have the personality for this type of job. Is he the typical case of the good engineer who thinks he can do everything because he is an engineer. If he knows what is best he will sell this company ASAP. I fear that he has some dream of the impossible that Nine can go it alone with just a little financing help. No one will buy from Nine on a serious level given the poor financial shape they are in. If I were a vendor or customer I would be wondering how much longer they could be in business. As an employee for a customer or vendor why would I want to stick my neck on the line ordering from a near bankrupt company. I hate to be negative but I believe Nine reads these posts and they better wake up fast to the dire situation they are in. The other day I talked with the Assistant Treasurer about an acquirer using tax losses. He advised that this might be possible depending on the structure of a deal. I advised him I was concerned about the company running out of cash and the bank line being near full. He stated that he was borrowing from the bank against the line today (Tuesday) and that the bank understood the situation. I believe that is not true because my background is as a loan officer. In this situation, banks want out of these types of credits (huge operating losses, no cash, and full bank line). I bet you big dollars the bank has expressed concern pressuring the company to sell or raise capital.