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Alias Born | 04/01/2000 |
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Thursday, May 18, 2000 9:29:26 PM
From a recent column by Chris Byron on xCelera.com
"Because Xcelera.com, Inc. is foreign domiciled in the Cayman Islands, it files skimpy financial statements with the SEC only once a year, in August. And this makes the company’s latest filings almost 18 months out of date and worthless for investors trying to determine such basic matters as how many Xcelera shares actually exist and how many are currently being traded in the public market.
Nor is it possible to tell from available documents exactly how much Xcelera.com actually paid for Mirror Image or how much of the company Xcelera.com owns"
That's my problem with Cayman deals...sure, better taxes, but a lot of slime goes on.
FM
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