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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Anaxagoras who wrote (4263)	1/27/1999 1:37:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 4634

<<First you say they're "bankrupt">> Allow me a little hyperbole. Perhaps it would be far more accurate to say "pretending they are still in business". <<Now they're selling stock? ...What on Earth are you talking about?>> From their last 10-Q... 26 Weeks Ended ------------------------------ (unaudited) September 26, September 27, 1998 1997 Cash flows from financing activities: Payments on capital lease obligations - (125) Payments on notes payable - (6,000) Proceeds from stock issuances 10,475 166 -------- -------- Net cash (used) provided by financing activities 10,475 (5,959) -------- -------- Net increase (decrease) in cash (7,858) (29,342) Cash and cash equivalents at beginning of period 67,381 83,473 -------- -------- Cash and cash equivalents at end of period 59,523 $ 54,131 ======== ======== <<Maybe I'll short it now again>> Let me know for sure so I can cover. <<it's kind of silly to compare it to the revs of the discontinued bricks-and-mortar right now.>> How silly is it to note that Egghead is doing significantly less revenue over the internet than when they were a real company? Shocking to learn that auctioning those Christmas hams didn't do much for their bottom line. <<But right now I'm correcting your ridiculous statements>> Uh huh.