To: D.E. Shetland who wrote (3364 ) 7/10/1998 12:19:00 AM From: trenzich Read Replies (2) | Respond to of 5743
DES, you are kidding aren't you.(in fact, I'm still making reasonable money on my TVL, probably the same percentage as your short position). I would be very happy to tell you all why and when I will sell, but it will be based on facts, plain and simple and it hasn't occurred yet --so your completely incorrect (as usual). I don't know how you do your analysis. Maybe cash on cash you are still making money. (That assumes you bought this at fair value when it traded for pennies a share.) But get real, if you haven't sold anything and it has decreased about 70% you are not making squat when you factor in lost opportunity costs. However, I must admit we do agree on a few things, I have asked a lot of valid questions that you and the company have refused to answer. Also, I am in total agreement with your characterization of the IR people being idiots, but then again management picked them, and provides their phone number as to where to get answers, right Doug. As to your not having a valid reason for not selling when it was in the 3's and 4's have you ever heard of "market valuation"? And you keep referencing me using the term "scam", I think you have me confused with someone else. Maybe you were getting into your Madaline make-up at that time. But I will share something with you, this puppy has recently traded under a$1, real money (and that was a target i had stated earlier) and since I don't think they will go bankrupt I have covered my short. However, with PG having product coming to market soon (and first) you have other concerns to worry about. and G, there's not a chance that the company is going to use it's ipo money to buy back stock, and if they did the market would not like it. Like the saying goes, too many shares outstanding, not enough cash (let alone earnings). When is the Company's statement coming out, as it will show a loss for last year and for the quarter ending in June, imho. Have a great weekend tz and yes i will come back to visit from time to time