| To: Eric mulay who wrote (1122) | 3/24/2000 4:45:00 PM | | From: Artslaw | | | |
Noticed no one posted the annual report last night.
biz.yahoo.com
Summary: they lost a lot of money fighting Creative. Todays stock movement reflected that! Now I have to think if I want to get back in to AURL again at more reasonable levels, but it has all the problems it used to have: no coverage, no chance for NASDAQ listing, no institutional buying (due to market cap and share price)
Oh, yeah, and there is this quote from the report:
"Our financial resources are severely stretched to the point that we must seek an immediate capital infusion to continue our business," continued Kokinakis. "To that end, we have held discussions with multiple parties regarding a potential sale of our company or a significant capital infusion. Such discussions are continuing at this time, but there is no assurance that we will complete a transaction. Our largest shareholder has stepped in to provide interim funding through its acquisition from our prior lenders of, and funding under, our existing credit facility, although there is no assurance that this will continue."
I honestly can't believe the stock didn't drop a hell of a lot more. This is just too risky to play.
Anyone have any opinions?
Steve |
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| To: Artslaw who wrote (1125) | 3/25/2000 1:45:00 PM | | From: Ahda | | | | |
I am not sure of the law now but there use to be a liability factor in being a director. This could be a last minute self protect ones own assets thought, in a situation that is anything but comfortable. |
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| To: Artslaw who wrote (1125) | 3/25/2000 9:47:00 PM | | From: chuckj | | | |
This is the most hilarious thing I have ever heard--only in the Silicon Valley. There are too many hot start ups around to stick around in this thing. I am surprised this did not happen a year ago. You can blame the new economy. I think the board of directors should make sure the order admin guy stays and let this thing coast a while and just pay the gross profits to the share holders as dividend until its last breath.
cj |
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| To: Artslaw who wrote (1130) | 4/6/2000 2:11:00 PM | | From: Eric mulay | | | | |
yep.. kinda looking like that...but... never say die...i only have a few shares left that im holding for the "crap" shoot...and it think it is going to crap *l*...man,, these guys blew it..turned down offers from Intel and Microsoft.. |
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