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Non-Tech : ZOLT -- Ignore unavailable to you. Want to Upgrade?


To: David L. Wasylenko who wrote (826)8/14/1998 1:08:00 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 970
 
ZOLT 10Q filed at latest moment possible as usual. Lies on net income: Co. stated +8.4 M net over the 9 month period. As usual, cash flow from operations says something completely opposite: Negative $1.3 M, a NEGATIVE $9.7 M swing.

Most of it due to an increase in inventory ($9.2 M). Gee, I wonder if they otta write some of that stuff down? Doesn't seem to be selling at anywhere near the price they are carrying it at! What a crock. This thing is in a death spiral!