ANTs SOFTWARE.COM (ANTS) Message Board

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Microcap & Penny Stocks : ANTs SOFTWARE.COM (ANTS)

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To: Crandell Addington who wrote (377)	7/30/2000 8:34:08 PM
From: purecntry5	Read Replies (2) of 607

Cash and cash equivalents at the end of the fourth fiscal quarter of 2000 were approximately $3.6 million. ANTs is currently in the late stages of a convertible debt financing round that the Company expects to close shortly. The proceeds will be used primarily in advancing the Company's technology toward commercial availability. ANTs anticipates that its present cash resources and this round of financing will sustain operations into the fourth quarter of this calendar year. The Company plans to seek further debt and equity financing to bring the first phase of its software to market. biz.yahoo.com lemme get this straight, even IF they do acquire $ through the convertible debt, it will be gone oct-dec of this year?? then they have to go out again?? i see what these guys are good at, BURNING MONEY.

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