Re: What are the odds?

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Specializing in the design of mobile video and multimedia systems and solutions based on OFDM technology Since 1990. Posts with name calling, lacking clarity or excessively verbose, will be deleted. Viewpoints pro or con always welcome

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orgprophet

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Re: What are the odds?

in response to

What are the odds?

monkeyboy

posted on Oct 02, 2008 08:14AM

Looking at balance sheets of both LOK and UBS, its not a pretty sight.

Current assets to liabilities is not healthy, and the increase in liabilities if they are short term loans from major shareholders are less scary.

Seems at the current burn rate, there is about 4-5 qtrs of cash left ... all things being equal.

Based on the financials .... things look very bad.

Its a high risk investment with potentially large payoff. How large remains to be seen ...

I'll take the risk, but will keep my eyes open for opportunities that can make some money?