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Technology Stocks : SmarTalk (SMTK) -- Ignore unavailable to you. Want to Upgrade?


To: Noblesse Oblige who wrote (265)1/19/1999 7:14:00 PM
From: Noblesse Oblige  Read Replies (1) | Respond to of 283
 
My earlier post was too optimistic. The maximum amount that SMTK will receive for the sale is $192.5 million, and even that is subject to downward revision following due diligence.

There will be monthly negative cash flow "until the cows come home."

There remains a shareholder lawsuit of humongous size. Significant legal bills remain.

By the time this gets to the shareholders, it is doubtful there will be anything left.

Sorry.