XTRN added some @ .15 fwiw i liked this view from the si microcap thread- To:James Knox who wrote (19074)
From: rrufff Tuesday, Mar 23, 2004 1:15 PM
Respond to of 19078
XTRN - Jim - I bought more on the last dip. I guess others are skeptical or don't care to review the filings. It seems the only way to lose out would be for management to conciously try to screw the shareholders and just coast and pay out cash. They've said in the filings that they will have virtually no employees so anything else might be considered a breach of fiduciary duty unless it leads to something significant. I would guess that they have a couple of reverse merger candidates lined up. The shell market is hot as it looks like IPO market is probably a year away from heating up at least. Take a look for example at FNTT and EMBR which have huge moves up the past few days. These are just shells with nothing else. XTRN, as you point out, has cash, assets and a tax loss carry forward. Arguably it's worth .50
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