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.

Strategies & Market Trends : Shorting stocks: High fliers -- Ignore unavailable to you. Want to Upgrade?

To: Anaxagoras who wrote (628)	1/7/1999 2:52:00 AM
From: Q.	Read Replies (2) \| Respond to of 709

AMEN just called its warrants yesterday. The stock dropped 20% on the news and bounced back half of that. The co. is runs a Christian internet web site. The stock was IPO'd by the notorious Barron Chase Securities, which has been fined by the NASD numerous times. They've done about 4 IPO's in the last couple of years, and at least one of them (Compressent) is now trading for pennies. AMEN is trading for $9, though, with a market cap of $32 M. There is almost zero institutional ownership. They sure need the cash. Shareholders equity was down to $4 M, and they were bleeding. It looks like there is about a 1:1 ratio of warrants to shares outstanding, at about 3.3 M each, so this is a bigger deal than BFLY. Here's the prospectus that registered the shares 6 months ago: edgar-online.com I paste a MarketGuide report below: QKFACT AMEN 253624100 DIDAX Inc. Market Guide Quick Facts Report DIDAX Inc. SYMBOL: AMEN EXCHANGE: NASD PRICING DATA (AS OF) 12/31/98 RATIOS & STATISTICS Price 9.88 Price/Revenue (TTM) 62.07* 52 Week High 40.00 P/E (TTM) NM* 52 Week Low 1.88 Price/Book (MRQ) 9.10 Beta NA Price/Cash Flow (TTM) -7.13 Avg Daily Vol (10 Day) 0.36 Mil ROA (TTM) -109.81%* Avg Daily Vol (3 Month) 0.31 Mil ROE (TTM) -152.49%* Current Ratio (MRQ) 12.80 DIVIDEND INFORMATION Total Debt/Equity (MRQ) 0.00 Indicated Annual ($) 0.00 Yield 0.00% NOTE: TTM = trailing twelve months MRQ = most recent quarter SHARE RELATED INFORMATION SHORT INTEREST INFORMATION Market Cap. ($) 36.064 Mil Current Month 0.867 Mil Shares Out. 3.652 Mil Previous Month 0.022 Mil Float 2.600 Mil Short Interest Ratio 1.1 Day INSTITUTIONAL & INSIDER OWNERSHIP PURCHASES SALES NET PURCH %OWNED Institutions (3 Months) 0.000 Mil 0.041 Mil -0.041 Mil 0.0% Insiders (6 Months) 0.000 Mil 0.017 Mil -0.017 Mil 28.8% BUSINESS SUMMARY DIDAX Inc. is the creator and builder of CCN: The Christian Community Network, an interactive Website that provides information, interaction and opportunities for involvement to the Christian and family-friendly community. For the 6 months ended 6/30/98, revenues rose 29% to $256K. Net loss rose 8% to $1.5M. Revenues reflect increases in advertising/sponsorship sales and retail sales. Higher loss reflects increased staff in CCN operations & salary costs. PRELIMINARY: For the 3 months ended 09/30/98, revenues were 246; after tax earnings were -691. (expressed in Thousands) REVENUES (Thousands of U.S. Dollars) QUARTERS 1996 1997 1998 MAR 0 95 90 JUN 42 105 166 SEP 71 107 246 DEC 68 82 TOTAL 181 389 EARNINGS PER SHARE MAR 0.000 -0.730 -0.240 JUN -2.560 -1.270 -0.200 SEP -0.970 -0.800 -0.190* DEC -0.840 -0.530 TOTAL -4.370 -3.330 2/98, Company purchased all of the outstanding shares of gofishnet.com, inc. (Internet retailer of Christian music & videos) for 130,292 Common shs.; FY'97 Q's being restated.