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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (487)	10/22/1998 7:56:00 PM
From: majormember	Read Replies (3) \| Respond to of 19428

"First, this is from end of Aug. by Auditors. "Our report dated May 15, 1998 except for note 20, as to which the date is May 19, 1998, contains an explanatory paragraph that states that the Company has suffered a significant net loss in fiscal year 1998, is currently in default of its debt covenants, and has missed its scheduled interest payments on its subordinated debt. These matters raise substantial doubt about the Company's ability to continue as a going concern. KPMG Peat Marwick LLP" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ UTEK should have been given a 50% haircut today, what's going on.