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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?


To: Daniel Miller who wrote (28753)5/6/1998 11:03:00 PM
From: Kashish King  Respond to of 33268
 
Don't feel like a dummy when stocks you're not in go up or those that you own go down. It's like duck hunting only you're the duck. Takes a lot of patience to find the right pond and you better be good at spotting decoys and dodging bullets. When I saw RACE from about 50 miles out it didn't immediately frighten me; as I got closer I realized it wasn't a pond at all but a dirty puddle beside a pumped up, automobile-sized inflatable duck in the parking lot of a combination rifle range and liquor store.



To: Daniel Miller who wrote (28753)5/7/1998 9:32:00 AM
From: Kashish King  Respond to of 33268
 
Comments on delisting and Chapter 11:

Webets May 6 1998 11:31PM EDT

I am not defending the company prospects. As I said earlier, the company can't maintain the trading volume high (as was already evident today) and won't be able to close the remaining $3,000,000 in Series C financing on June 1 (because the stock dilution would be even worse, than if they had closed on January 29 or April 15). Smells of soon-to-happen delisting and Chapter 11.

However, what puzzles me most, among other things, is the sudden change in auditing accounting firm. Why do this? Maybe the previous firm knew too much and would not put their signatures on certain stuff?

Finally, I'd like to quote from the latest 10-Q. This is the first time I see their ability to sustain operations evaluated in such a manner. In fact, I've never seen anything so strongly worded in any forward looking statement by any company.