Vitech America tackles Brazil Message Board

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Technology Stocks : Vitech America tackles Brazil

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To: dave luken who wrote (44)	6/17/1997 11:56:00 PM
From: raggs smith	of 153

One of the press releases indicated they would finance the purchase thru the "sale" of some of it's receivables.Maybe the brothers Father will step in as he has in the past to convert company A/R's to cash.I am more conerned with the proforma profits:In one statement they indicate that the combined company profits for 96 was $17million,then they indicate vtch made $8.2million and the acquired company had profits of $2million,a $7Milion difference.I think the CFO will be getting a few requests for clarification. The deal if it goes thru looks like a terrific deal for VTCH shareholders. raggs

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