Posted by: the_worm06
In reply to: scu8452 who wrote msg# 109 Date:10/8/2002 7:38:09 PM
Post #of 218
SCU - "Fundamentally Sound"?
your post:
"Posted by: scu8452
In reply to: the_worm06 who wrote msg# 108 Date:10/8/2002 5:48:18 PM
Post #of 109
the_worm06
TVCP was no where as fundamentally sound
as YAK is, nor did they have the same customer base. Plus TVCP never had five consecutive quarters of profitability
(wink wink)
TVCP was a 'pet project' that never really took off!
It had good potential, but the market was not ready for Videophones. Even I knew that TVCP's stock would crash. That is why I sold when I did.
Good Luck"
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1. Yak is currently using a very expensive "Factor" for it's accounts receivable financing. Fundamentally sound companies do not use expensive Factors for their financing.
2. Yak was forced to "borrow" about $500,000 by using TVCP Toronto property as collateral. Fundamentally sound companies do not finance themselves in this way.
3. The Zwebner's, Charles and Michael, are involved with Yak. There are no entities that are "fundamentally sound" that have these two characters involved.
4. Alexander Walker's Nevada Agency & Trust is the transfer agent for Yak. It is currently being investigated by the SEC...this is public knowledge.
MY YAKC STOCK PRICE PROJECTION REMAINS:
FIVE CENTS
in six months
