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Microcap & Penny Stocks : DCH Technologies (DCH) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Brezin who wrote (633)	2/19/1999 10:08:00 AM
From: Sid Turtlman	Read Replies (1) \| Respond to of 2513

Alan: I reject the argument that a company's IR person is a higher authority than its published numbers. The company said that it reduced its material costs to 11% of sales. Even if they had been at 11% of sales all year long, that is still higher than what they claim to be the total cost of goods sold. I could call the IR person, and I could get only two possible answers: 1) The numbers are wrong because we made them up, or 2) The numbers are wrong because we don't know anything about accounting or bookkeeping. Hypothetical answer 3)- The numbers are right - is not possible. I personally don't feel comfortable investing in companies that give me answers #1 or #2, but if you do, please don't let me affect your investment judgment.