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Ascential Software Corp. (ASCL) Message Board

  • InvestmentGuru2001 InvestmentGuru2001 Jun 6, 2002 6:11 PM Flag

    ASCL will be bankrupt

    by December 31,2002. Mark my words...

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    • Get our your needle and ink. You'll be coloring that bottom of yours in celebration of the new year!

    • Those same words that have been saying ASCL would be bankrupt last year? Those same words that have been touting the greatness of Sun all the while it's fallen from the 20s to the 6s.

      Tell us, oh IG uber-doofus...

      How does a company with $700million in the bank, and a burn rate of at worst, 15-20 million a quarter go bankrupt in just over 2 quarters?

      This should be good for a laugh...

      • 2 Replies to muaddib01721
      • You're assuming the burn rate is only $15-20 million a quarter, and that the incompetent management won't try to buy itself out of its losses with addtional acquisitions. Bottom line: They no longer have $700 million; it's closer to $450 million. They are burning closer to $200 million in losses. And finally, a few more acquisitions are in the works. So the cash you see now will be gone by year's end.

        Further, even with the acquisitions they have made to date, they are still hemorraging money.

        This company is dying a rapid death. Analysts see underperformance, and the Street sees the company as the personal playground of PG and his cronies.

        The only person to come away with 100s of millions from this company is PG, and he is well on his way.

      • You're assuming the burn rate is only $15-20 million a quarter, and that the incompetent management won't try to buy itself out of its losses with addtional acquisitions. Bottom line: They no longer have $700 million; it's closer to $450 million. They are burning closer to $200 million in losses. And finally, a few more acquisitions are in the works. So the cash you see now will be gone by year's end.

        Further, even with the acquisitions they have made to date, they are still hemorraging money.

        This company is dying a rapid death. Analyst see underperformance, and the Street sees the company are the personal playground of PG and his cronies.

        The only person to come away with 100s of millions from this company is PG, and he is well on his way.

 

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