Medix - (AMEX: MXR) Message Board

STOCKTALK

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.

Technology Stocks : Medix - (AMEX: MXR)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GTC Trader who wrote (213)	1/25/2001 6:20:05 PM
From: REH	of 226

Medix Resources Aims To Get $10 Million To Fund Operations Into 1st Quarter 2002 NEW YORK -(Dow Jones)- Medix Resources Inc. (MXR) hopes to raise $10 million to fund its operations into the first quarter of 2002. The figure, released during a conference call and in a press release Thursday, follows the company's business plan and is in addition to funds secured earlier this month. As reported, the provider of Internet-based software products completed a private placement earlier this month of up to $2.5 million in convertible debt with a single undisclosed investor. The company borrowed $750,000 of the $2.5 million credit line at the closing. It may borrow up to $2.5 million over the next 10 months if certain conditions are satisfied. The company said the money raised earlier this month will allow it to continue operations for several months. American Stock Exchange-listed Medix recently traded at $1.56, up 6 cents, or 4.2%, on composite volume of 242,000 shares. Average daily volume is 231,007 shares. Company Web sites: medixresources.com; cymedix.com -Tim Paradis; Dow Jones Newswires; 201-938-5388 (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next