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owd3

12/11/03 10:16 AM

#54600 RE: Sentinel #54550

But you can learn so much by looking back, for example did you know that EDIG, over the last year not only hasn't paid a dime toward the $750k loan or interest, they still haven't paid APL the $80K they have owed them for over a year? So why do you suppose a company that is pumped as having a "low burn rate" and million dollar contracts with huge margins doesn't bother to pay their bills?

If you want to learn even more about this company by looking back, add in the fact that they paid themselves bonuses and you just learned even more. We already knew they used cash to pay themselves bonuses and then had to take a loan from a director at outrageous interest rates to fund inventory, but did you know that in addition, they paid themselves bonuses instead paying the bills?? Would you run your business like that? Would you pay your bills? I think it says a ton about what this company is all about. Hmmm… we have enough money to pay our bills, fund inventory, or pay ourselves a bonus?? We can only do one, so which should we do?? Which would you do?

So you look forward, same as you did on the 4 billion dollar OEMs deals the last time around, clearly there is no lessons to be learned from the past for you. As far as your portfolio, are you really going to make me drag up your years of posts claiming buys at levels many, many times the current level? Or did you forget about those?