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Non-Tech : Image Entertainment (DISK) -- Ignore unavailable to you. Want to Upgrade?

To: Quaddad who wrote (224)	10/29/1998 10:51:00 AM
From: William T. Katz	Read Replies (2) \| Respond to of 379

According to the annual report under Edgar, those figures seem just plain wrong. On page 47 of the 10-K405 report, it gives: NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS: 1996: 2,479 1997: (3,576) 1998: (75) All amounts are in thousands. DISK has about 13.5 million shares out. So the $-4.8 under 1998 seems very odd. Also, remember that FY98 closed on March 31, 1998. In any case, for DISK to be cash flow negative to the tune of $-4.50/share would require something like a $60+ million dollar, read as (60,000) figure. Or am I missing something here? We are into the first quarter of FY99 and I am looking into DISK's exact debt and credit lines. I'll post them on this thread and the references for the information.