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To: BWAC who wrote (30046)4/12/1999 8:36:00 PM
From: John Stichnoth  Respond to of 36349
 
John Carney's post, just read, reminded me of an earlier thought: It's a liability in this market to have any operating history. It's all hope. And it's all weird.

(BTW, my post seemed to imply that I agreed with the valuations. I don't. I was just trying to explain the rationale that could lead to the valuations, as screwed up as that rationale might be.)

Best,
JS