America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Art Stone who wrote (3121)	5/21/1997 9:39:00 PM
From: Art Stone	of 13594

AOL's 10-Q is out. sec.gov The really strange thing about this 10-Q is that there is no information at all about the thing which had the most dramatic impact on improving the balance sheet - the Tel-Save deal. During the quarter, AOL paid down their accounts payable a lot, raised $28 million from issuing 2.4 million new shares of stock, which provided the bulk of the improvment in their current ratio (still < 1.0) However, nothing indicating the details about whether the Tel-Save deal is or isn't a loan against future commissions, or how much (if any) of the Tel-Save money was taken this quarter as current revenue..

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