SunMicrosystems has been lending MDTk (5 mill) money! See below, this from from Edgar released financials which were
released today. There is only 1 strategic partner that i know of! Good news!
From A raging bull post
Subsequent to year-end, the Company renegotiated the financing terms on the debt obtained in
connection with the e-Net acquisition. As a result, $750,000 of the debt was exchanged for
warrants to acquire 150,000 shares of the Company's common stock at $.01, and the remaining
debt was extended 24 months to May 19, 2001. The Company agreed to make a principal
payment of $300,000 in September 1999 to obtain this extension. Also, the Company entered into
a financing arrangement with its strategic partner to fund the Company's operations and acquisition
of managed care computer software technology in an amount not to exceed $5,500,000. The
obligation bears interest at prime plus 1%, is secured by the Company's assets and is due one year
from the draw date or if the Company successfully obtains refinancing for the amounts loaned under
the financing arrangement, whichever is the earlier date. The Company has borrowed $2,500,000
through September 10, 1999, of which $2,000,000 was used to fund the purchase of managed care
software technology.
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