SWMCF- Making a comeback this week. Message Board

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Technology Stocks : SWMCF- Making a comeback this week.

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To: Kent Kuo who wrote (67)	6/26/1996 8:29:00 PM
From: olduser	of 278

As expected, SW sold Orion Burger today to EIDOS Interactive. See www.prnewswire.com. Was a waste of good news however, as the pressure is now really on... 1. $191,000 loan payment due Friday. 2. Need $2 mil in the bank to be on NASDAQ, otherwise its the pink sheets! #1 isn't a problem, but #2 now looks like possible bad news. As I've posted earlier, I've heard about a financing deal, and it was probably sealed the day they made the Strategic Partners deal. CEO would not have met with the SEC Friday without at least a $2 mil deal in her briefcase. I can only speculate that something went wrong, otherwise there would have been an announcement earlier this week. If the small-cap requirements are not met by Friday and SW ends up on the pink sheets next week, it would be a big flame on the CEO, who has had over a month to get the paperwork straight. However, if they make the financing announcement and seal the SEC deal tomorrow or Friday, the Money Train will depart a little late but still... nonstop to $3!

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