InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,545.51
(
-0.16%
)
US TECH 100
18,700.80
(
-0.23%
)
Dow Jones
40,691.45
(
-0.42%
)
Brent Oil
71.31
(
1.11%
)
Bitcoin
57,728.76
(
0.67%
)
Post# of 249530
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

TonyMcFadden

Send PM Follow Ignore
Followers 40
Posts 5588
Boards Moderated 3
Alias Born 11/23/2002

TonyMcFadden

Member Level

Re: None

Thursday, 08/07/2003 11:42:13 AM

Thursday, August 07, 2003 11:42:13 AM

Post# of 249530
Thinking about it, SKS (if he was the architect of this) couldn't have done better.

In one swell foop he

1) removed the 'going concern' issue, for at least another quarter (the quarter, by the way that both INTC and IBM would be producing revenues for wave)

2) removed the overhanging 'unpaid' loan (which probably the smelliest of the crap in the filings)

3) and indirectly defused the SEC question by sidestepping the proxy/ASM issue and announcing the time and date for the 2Q numbers.

There still needs to be a ASM (as I understand it) but the pressure for it is lifted...

"Absence of evidence is not evidence of absence. - Carl Sagan

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up