JTS- "A Nordic Drive in Every PC and laptop" Message Board

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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"

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To: Trey McAtee who wrote (733)	5/6/1997 3:55:00 PM
From: Richard Catterall	of 1985

The bank financing would indicate that they are going to able to pay it back so I strongly agree with you. Does anyone know how many sales $$$ the $25 million for receivables can conceivably support? What is mean is eg. $10 million ships and becomes a receivable, the bank pays JTS while the bank may not be paid for the recievable in 45 days or longer so JTS have $15 million left. Next month another $10 million ships reducing the balance to $5 million left. Your banker must have got paid at least half on the first months recivables or you are not going to have access to immediate cash on shipment? Geez though it also seems incredible to trade 2 million or more shares for a change at this time of a 1/16 on what we believe is good news.

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