Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.997

+13.5%

Nov 21 9:30 AM EST

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To: Bill Wexler who wrote (3103)	8/17/1999 10:47:00 AM
From: Marconi	of 10293

Hello Mr. Wexler: LOCK For the record, LOCK included the 'going concern' caution in their 10Q released 8-16-99: Going Concern ------------- The Company's continued ability to operate as a going concern is dependent on its ability to raise additional capital and achieve a successful level of sales. The Company is attempting to obtain the necessary financing to fund operations. However there can be no assurance that the financing will be satisfactorily concluded in time to provide the Company the working capital it needs to continue operations. The aforementioned circumstances raise doubts as to the Company's ability to continue as a going concern. 13.9M plus shares outstanding, expenses multiples of revenue, and around 250K in cash. They keep afloat by issuing securities to the market, but I think the past hype will not launch another ship again, and this may be a closing chapter in the firm. Trading 1-1/2+ today, I have an order to cover at 1-1/8, but may scotch that as the matter progresses. Best regards, m

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