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To: Cavewoman who wrote (3684)11/15/1998 10:56:00 PM
From: phoenix  Respond to of 3977
 
Scott,

That was funny.

Ginger,

Due diligence includes analyzing the financials of the company. The balance sheet showed a consistent history of increasing debt, even in the days when they had significant government contracts. The P&L was awful, every quarter they lost money.
Let's face it. We all were betting on the come. I believed that the product would prevail over the financials.

Management certainly was not forthcoming about negative events. But don't blame due diligence and lies from management. Remember, good news was always tempered with occasional negative postings from those close to the action.

I hope we all learned something. And I hope your cave eventually starts to glow for reasons other than anger.

Roger