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Non-Tech : Ashton Technology (ASTN)
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To: Rob W who wrote (3899)7/10/2001 12:25:17 PM
From: mmmary   of 4443
 
You guys are civil today, what is up?

No personal attacks this morning. Did you get instructions from above? Fred doesn't want to look foolish anymore with his people called me the c word instead of debating the issues? Fred knows something is about to come out and he wants people to see civil boards when they check the story out? Interesting.

One thing to keep in mind is the RGC situation. They still have to give them shares then they have to get new financing. When they give RGC shares, will the price go down again? If astn was looking for new financing for the past year, how come TK was the best deal they could find? They had more money in the past and people did not know for sure that the product was not all that it was cracked up to be.

I follow umcc. Their bank said they might extend it if they could show continous profits for a 12 month period before the end of the term of the note. They didn't just want to see a quarter where the numbers could be moved around. They wanted 12 months just to extend a note. I would think that astn would need to show profits for more than a quarter to get a real loan. I think their only alternative for survival at this point is a bridge loan, no payments, deferred everything from a private related party. They use these funds and show two solid quarters of profits then get some real funding. They use the bridge loan to also pay off RGC instead of giving them the shares. RGC won't like that. I will post some RGC info that I posted on yahoo. They sued a company that wanted to pay off their note instead of giving the shares. They make money off shorting, not loaning the money.
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