Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : APPAREL TECHNOLOGIES, INC. (APTX-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: paulbk who wrote (453)	9/15/1998 3:58:00 PM
From: treetopflier	Read Replies (1) \| Respond to of 517

They issued a press release today. Same text as 8K. The lenders already made their money, except maybe the last one. There is no one left to negotiate anything. Kathryn is a saleswoman, not a CFO. Their last round of financing was done by Barry Hall, for better or worse. They ceased day to day operations effective today from their press release. Would you hand them money under the present circumstances? The lenders might find some value in the technology, but they don't need APTX for cashing in on that. This probably goes to the preferred shareholders anyway. I don't see a bailout coming here. Even if someone stepped in and assumed their debt they would STILL be dramatically undercapitalized. We were all grasping at straws on this one. The last straw is gone. ttf