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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: Fred Puppet who wrote (265)	2/19/1999 12:04:00 AM
From: surelock	Read Replies (2) \| Respond to of 1438

Fred, Very impressive analysis of ICCSA. With so little revenue, and what appears to be a hopeless product, I am inclined to think of this company more as a shell. With the low number of shares currently outstanding, I don't understand why current management would not be looking to try and merge with a "real" company, which would inject this dog with money, a business, and, most importantly, utilize the $15 million in losses on the books to shelter any future gains. Probably a very unlikely scenario, but that is my only hesitation in shorting it. Of course, once the floorless gets approved, it's game over. SH

To: Fred Puppet who wrote (265)	2/22/1999 2:07:00 AM
From: dumbmoney	Read Replies (1) \| Respond to of 1438

Thanks for the excellent report. Nice job. Reading the last 10Q, I am a bit mystified about something. Operating expenses were ~$1 million, net cash from financing was $356,405. But net cash flow was only negative $65,410. Why? Because of $669,315 provided by "Other net cash provided by (used in) operating activities". I read the entire 10Q (admittedly rather quickly) and could find no source for the mysterious $669,315. Where did it come from? What sort of "operating activities" produce loads of cash but no revenue?

To: Fred Puppet who wrote (265)	2/23/1999 9:29:00 PM
From: Anthony@Pacific	Respond to of 1438

Fred ..you get 1 month free with me for such a great post...Excellent workk..you may also choose to get $ 500.00 cash instead..