SWMCF- Making a comeback this week. Message Board

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Technology Stocks : SWMCF- Making a comeback this week.

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From: olduser	7/2/1996 2:53:00 AM
	of 278

2 phone calls later... To clarify the previous post: The BIG MONEY financing deal is in the trash. This morning all the audits/paperwork for NASDAQ were complete. Charlotte Walker(CEO) only needed to pick up the $2 mil in the afternoon, put it in the bank, and it was ON!!! What happened next only CW and the financiers know, but apparently CW walked out without the money and told them to stick the deal you know where! I hope the details come out soon... Now heres the bottom line: 1. SW's cash flow is better than anyone expected- the only reason they need the BIG MONEY DEAL is to be on NASDAQ, not for day-to-day operations. 2. The NASDAQ paperwork is ready to go, all they need is $2 mil. 3. CEO really pissed off NASDAQ by telling them to give her an extension when the deal wasn't done. What comes next(unless a miricle happens): 1. NASDAQ will delist SW to the Bullitin Board. 2. CW hunts for another $ugar daddy, and cashes the check right away next time! 3. Stock price will dip again. Watch for panic selling with the next announcement. Otherwise, everything went as expected today;(

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