SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Breakaway Solutions Inc-(BWAY)
BWAY 16.83-3.9%11:44 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: .Trev who wrote (118)1/22/2001 4:20:47 PM
From: John Finley  Read Replies (3) of 178
 
From Walter Buckley CEO of ICGE on 1/12/01:

``This additional backing shows our ongoing belief in Breakaway Solutions and its FSP business model.''

Yep, $5M at 12% fully secured by substantially all of BWAY's assets AND warrants for 9,737,447 shares at 11/16. What a deal! Since I believe in the "FSP" model too maybe Brooks will cut me a similar deal? Oh, that's right, all of BWAY's assets are spoken for.

9.7M shares is dang close to the float. Sheesh! And they called attention to this with a PR??

JF
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext