SEDONA Corporation (SDNA) Message Board

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Microcap & Penny Stocks : SEDONA Corporation (SDNA)

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To: Uncompaghre who wrote (91)	3/18/1997 1:35:00 AM
From: Mike Heimbuch	of 731

Howdy No set terms on placement yet - still deciding between offers. The brightest note on the situation is that the cash flow problem is not immediate - but scheduled to come up near 3rd quarter - and they are taking no chances with slowdowns. The money outlay was presented very clearly to me on the phone - and made mucho sense. I wish Sedona would put it out for release on paper. Connie Lerner(Broad Capital) told me she hoped any warrants would issue at no less than $4 - My Sedona contact thought it possibly would structure as half cash and the rest on a line of credit. When asked if that would keep them from a positive EPS for a longer period - answer - "not at all - this placement has been in the works for awhile" There was no equivocating - just an immediate explanation of the relationship of the money to out-sourcing some of the geo-data-mapping stuff - and engineering on software (inhouse) - and to some extent he explained the TRC and Scanner division expenditure needs. Interesting note* The adoption of an open GIS standard for the stuff that Sedona has to offer - could easily be a surfire -out of the park - break the seams - and the bat - homerun!! Regards from the North

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