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Technology Stocks : SI Diamond Technology (SIDT)
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To: kahuy who wrote (44)5/2/1997 2:20:00 PM
From: Joe Master   of 623
 
Why?

Read this from the "outlook" section of there latest 10Q

It is anticipated that losses will continue throughout 1997 as the Company continues to fund the development of its DFE technology and its electronic billboard. Increased commercial revenues are anticipated in the Company's DTO and Plasmatron subsidiaries; however, they will not be sufficient to offset the planned research and development efforts and selling, general and administrative expenses. Sales from the DFE products or the electronic billboard are not anticipated in 1997. Full commercial development of the Company's DFE
technology and electronic billboard will require additional funds that may not be available at terms acceptable to the Company. Should the Company be unable to obtain acceptable additional debt or equity financings, management intends to eliminate or reduce the level of internally funded research and development and to reduce the level of administrative expense. Management believes that the capital raised to date, including commitments received for future funding, will be dequate to fund the Company's operations and current developmental funding plans for approximately two to three months. Management is in the process of seeking additional funding and has developed a plan to reduce expenses to enable it to continue operations at the planned level for a period of 12 months, at which point it would be expected that the Company could sustain itself through internally generated funding. This plan is primarily dependent on increasing revenues and
raising additional funding through a strategic partner, debt fferings, or equity offerings.
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