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mastaflash

08/20/07 11:58 PM

#20302 RE: tax_man #20299

Guess I shoulda taken that bet!:

Posted by: tax_man
In reply to: mastaflash who wrote msg# 20101
Date:8/14/2007 12:12:22 PM
Post #of 20301

We'll see, mastaflash.... If you're right and we see the 10Q by the 20th I'll paypal you $5... assuming you paypal me $5 if you're wrong.
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ajman

08/21/07 8:00 AM

#20313 RE: tax_man #20299

being optimistic or pessimistic does not necessarily exclude being objective.

I've read the 10Q thru a few times sorting out the good and bad, being objective as you might say. Yes I am disapointed with the progress they have made to this point, I had hoped for more but we got what we got.

Now since I'm invested in this stock, I also look for any things that may lead to improvements in the not so distant future.

What stood out for me was the trimming of the fat. Getting rid of the low margin items, even though it would make a temporary decrease in overall sales. Concentrating on the higher margin sales, IMO, makes more sense. Also the possible acquisition of DPC is a bright spot as it could help to open up the prepaid wireless end of the business. Although I would like to see some more info on DPC before spending to much time on it. What sort of profit margin and total debt they have would be nice.

What happened to the Series A Preferred shares. On the last 10Q there were approx. 790K still outstanding. The series A shares had a conversion rate of 20:1 and if converted would have been over 15M common, where did they go.