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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: SteelerStu who wrote (5498)	4/4/1999 1:41:00 PM
From: Stock Watcher	Read Replies (1) \| Respond to of 52051

SteelS; on ATEL; from SEC filings; there appears to be are no audited balance sheets as alluded to in "mickeycpa's" memo. The "11M in cash" may exist as a result of the sale of Lakeland, FL facility (for 21M), or from borrowed funds, notes sold or line of credit (of 17.5M). In 98' service revenues decreased 11M (19%), number of subscribers decreased by 107,000, installation revenues decreased to 751k(26%), number of installations decreased by (49%). They approved an "Executive Achievement Program" to offer benefit packages up to 900k to executives and 200k to non-contract employees. 2004 & 2005 notes were issued to raise cash. All types of restrictions are associated with these notes. If "mickeycpa's" conclusion is that ATEL is "the lessor of two evils" based on possibly having 11M cash, then one must take pause and ask: what is the exact amount of money classified as short-term & long-term debt ?. If "mickeycpa" has the audited balance sheets of ATEL; then, he should know. Please ask him to post this balance sheet right here on the thread. I'd love to see it....regards, sw