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Re: akron2 post# 1089

Tuesday, 03/01/2005 12:28:43 PM

Tuesday, March 01, 2005 12:28:43 PM

Post# of 4978
This Rao loss is a big problem, Akron. I doubt that HQNT has either the cash to pay the upcoming judgement that they will record or the ability to file the bond necessary for an appeal of the case.

Should they lose the Ohio Hospital Association fraud appeal, they are then looking at close to $2 million in money judgements to be paid.

Since the stock is now toxic waste and barely trades they have no hope of raising that money through even a massively discounted CD, so it looks like the end is near.

It will be interesting to know if Rao et. al. also got the software back, and to see if Cohn tries an asset shift.

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