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I agree. In my experience leading a small business, I have found that their
is always some body just starting up, or some body refocusing their core
business, and in either case they are always hungrier than you are. To rest
on your laurels or to stop improving your business is the kiss of death.
Clint
-----Original Message-----
From: Robert W Cummings <robertwc@xxxxxxxxxxxxxxxxxx>
To: tagteam@xxxxxxx <tagteam@xxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, October 11, 1998 3:19 AM
Subject: Re: OMGA Hits New Lows
>Jim beware of the 28m asset claim its not real world because on dilution of
>those assets you would see that disappear into thin air. Those assets are
>its based mainly their share price not hard assets. This company relies
>solely on cash flow and future credit lines to keep the doors open now. The
>release of TS5 will help but long term Omega is behind the industry they
>use to lead. There proprietary software will not be cutting edge anymore
>and competition will force them to lower prices of their products to the
>market place later.
>EL can be worked around now without to much difficulty as is being done
>with Trade Lad using C++ programing. Omega is not moving forward but trying
>to hold on as a proprietary status they enjoyed in the eighties. Worlds
>changing and their not in step with it.
>
>Robert
>
>
>
>James F. Mazzulla wrote:
>
>>Might be sort of premature to call it since, as of the end
>>of 2Q, current assets were almost $28M while current
>>liabilities were a little over $2M......quick ratio
>><12......LT and ST debt were 0.0. Sort of hard to go
>>bankrupt when assets exceed liabilities.
>>
>>I'd like to see the numbers for the 3Q though. One thing's
>>for sure; getting TS5 out the door ASAP is imperative.
>>
>>Best regards,
>>Jim
>>
>>
>
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