Infonow INOW, Report over 3X earnings. Message Board

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Microcap & Penny Stocks : Infonow INOW, Report over 3X earnings.

INOW 0.0001000

0.0%

Oct 31 9:30 AM EST

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To: Tony Ferracane who wrote (61)	11/19/1999 9:49:00 AM
From: Glenn Petersen	of 80

Still no news. The most recent Form 10-Q notes that sales are now on an annualized run rate of $5.0 MM. Next major news event will probably be related to financing, followed by an application for a Nasdaq listing. From the 10-Q: "We are currently seeking additional equity financing to accelerate planned investments in sales and marketing, product development and to increase general working capital and license additional intellectual property. We have not made a final determination regarding the terms and conditions of an equity placement but anticipate that a placement would involve the issuance of up to 2,000,000 shares of common stock and generate net proceeds of approximately $8.0-$12.0 million. Our ability to successfully complete an offering is dependent on a number of factors. There can be no assurance that we successfully complete an equity placement, or that a placement will be concluded on the terms and conditions that we anticipate."

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