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Re: W3Research post# 611

Sunday, 01/16/2005 12:40:16 PM

Sunday, January 16, 2005 12:40:16 PM

Post# of 1056
There has been a SEC filing which shows that the wholesale drug business of Mr Kelly has been doing terribly running at a big loss. This would seem to indicate that this business is pretty worthless. It is my impression however that those losses will not continue now that Mr Kelly is no longer at the helm. The question is what revenues can be generated now that only transanctions that are clearly profitable will presumably be entered into. This fresh news shows that the hope that Mr Kelly is a very profiscient industrial leader was unfounded. This is a sad recognition for me who had great faith in him on the basis on the information that has been available about his companies until recently.

It is also a point that has been made clear before that CDED will not assume the negative worth of the wholesale business. Mr Kelly will have to pay for those losses himself.

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