SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Amati investors
AMTX 1.585+14.0%Jan 2 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tom Doughty who wrote (14296)4/15/1997 6:50:00 AM
From: Eric Goethals   of 31386
 
[Iceberg and Bankruptcy]

Iceberg has missed something in his research. Amati HAS commanded fnancing from a private investor. His name is G. Soros. Bankrupt??? NOT!

Now if I remember the agreement correctly, Amati has no obligation to him if the doors were closed tomorrow due to lack of operating costs. What I am saying is that Soros takes a bullet in the foot. (Remember Amati is still free to solicit outside financing, and to my knowledge has not.)

I believe the Soros agreement was made with enough Amati forethought to financially get them through to the time where money starts rolling in the door. Its too blatant of an error to make to not to plan for.

For me. this puts to bed the consideration of any secondary offerings.

-Eric
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News