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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?


To: Bo Le who wrote (867)4/17/1999 1:18:00 PM
From: RockyBalboa  Respond to of 1305
 
Well, the B/S mostly consists of marketable securities (per Dec '98), of which COOL made up the major part.

Cash is 1.5m or 0.26/dil shr.

The CF statement clarifies that they received cash from sale of some assets and reinvested some. Little operating expenses though. 95% dependent on the performance of their shares in listed companies.

With the lock-up for COOL shares ended I'd expect that they sell a few. They filed to sell 45k COOL in March which would give them $900k (@ $20), hence I would see cash nearly unchanged at the end of Q.

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