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RE: A moment of silence.

  • From: Deepak Jain
  • Date: Mon Jun 04 21:14:56 2001


Well, in the last quarter MFNX's cash position dropped substantially.
													Mar 31 2001	        Mar 31 2000

EFFECT OF EXCHANGE RATE CHANGES ON CASH ....................................
(47,310)          (4,795)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS .......................
(695,541)       1,273,438
CASH AND CASH EQUIVALENTS-BEGINNING OF PERIOD ..............................
1,148,888        1,262,391
                                                                            
     -----------      -----------
CASH AND CASH EQUIVALENTS-END OF PERIOD ....................................
$   453,347      $ 2,535,829

===========      ===========
So they lost $695M in real cash in the period ending March 31, 2001.

Considering they only have $453M in cash afterwards, let's hope they have a
better quarter all around (ending June 30 2001).

Their "net loss" for the most recent quarter was *only* $148M,  on all of
$76M for the quarter (including Abovenet and all other operations).

Or they are still losing 2x revenue in operations income or ~8x revenue in
absolute cash.

I admit, this is WAY off topic, but maybe will help people plan their
transit purchases.

Deepak Jain
AiNET

-----Original Message-----
From: owner-nanog@merit.edu [mailto:owner-nanog@merit.edu]On Behalf Of
Majdi S. Abbas
Sent: Monday, June 04, 2001 3:40 PM
To: Mitch Halmu
Cc: Leo Bicknell; nanog@merit.edu
Subject: Re: A moment of silence.



On Mon, Jun 04, 2001 at 12:22:28PM -0400, Mitch Halmu wrote:
> Some traders may disagree. 52-week range from 44.00 to 3.36, now basking
> in penny stock heaven.
>
> While you're at it, check out the PSIX 1 year chart. Some striking
> similarities with the MFNX 1 year chart cannot be ignored.

	Mitch, the last time I checked, MFNX was not losing 1,397.3M
per quarter.  Go look at the 10-Qs.

	--msa





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