Forum Archive Index - April 2000

[Bob Jones <littlerock@wave.co.nz>]

Investment Statement page 8.

Net Tangibles 31/12/99  453 K
By the loss rate this must have been all but used up in quarter just
finished. So it'll be a belly buster from 100 feet for these guys if the
issue fails.

Page 6. Paraphrase "we ran out of the $1 m we got in October".

This business will churn $10m before it goes bust if the issue succeeds.
Great idea and all that but so was BetaMax. The problem is there is no
profitable business which can subsidise it. They will have to keep going
to shareholders for money and they will never make any. Do I need to
explain why they can never be profitable cause its been said before here
by a few of the technical luminaries.

In the interim the internet collapse will continue and you'll be left
holding the baby.

So if you want to do charity work why don't you just sponsor a child
through CCF or something.

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