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Streetrod34

12/19/05 9:17 AM

#2876 RE: Telephonics #2875

Telephonics

Ignore by clicking on the poster's name and choose "Ignore This Poster". Easy!
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Charleoi

12/19/05 11:39 AM

#2881 RE: Telephonics #2875

"atrocious and defamatory posts" - I don't do that. I discuss facts. The hard part for most folks here and at RB is that the facts don't support Phil's NMKT story. There's a very big disconnect.

Facts from the 10Q/K's
1. No inventory
2. No capital equipment
3. No R&D
4. AR equivalent to 125 days of sales, with almost no provision for bad debts
5. Signifanct shareholder dilution, none of which is disclosed via required 8K filings
6. Balance sheet bloated with goodwill and software capitalization
7. Refusal by management to provide segment disclosure (to back up their PR statements

And the list goes on.