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Technology Stocks : Webx
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To: X Y Zebra who wrote (4)9/21/2001 8:17:58 AM
From: Cymeed  Read Replies (1) of 41
 
good to know the dark side of the story as well. Webx can be a good long or a good short candidate.

I do, suspect, that some investor firms may be supporting it for possible offerings in the near future. The company seem to need cash injection before the end of the year. A secondary offering of debt, stock, or convertible may be in the thinking. They have drawn $2 million out of the allowed $7.5 line of credit and only have $25.7 million cash left on June 30 this year, after a private placement of 2 million shares that got them $40 million net cash, just in March 2001.

Positive cash flow is still more than a year away.
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