Log On America, Inc. LOAX Message Board

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Technology Stocks : Log On America, Inc. LOAX

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To: gotmojo who wrote (224)	6/25/1999 9:42:00 AM
From: ISP_Investor	of 353

"We anticipate, based upon our current plans and assumptions relating to operations, that the cash available following completion of this offering will be sufficient to satisfy our contemplated cash requirements for 12 months following completion of this offering." Interesting nugget of info. This came out of the June 4, 1999 LOG ON AMERICA INC (LOAX) Quarterly Report (SEC form 10QSB). We have ticked away a few months on the 12 months. My crystal ball hasn't been working well lately, but I'd say that time is working against LOAX. I think a secondary offering could be needed in the next 6 months. Without a secondary, the company would have to use cash flow to grow so they'd have to pull back on a lot of spending (network build out, marketing, etc.) to continue operating. With a secondary we'd have additional shares outstanding which would also be combined with the shares that will be released with the lock-out. This should create enough add'l float in the stock such that it would trade towards its real market value.

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