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: Bart Sampson	7/10/1996 12:33:00 PM
	of 278

Paul... >Look at the Apr 15 financials- it was $1.9 mil then, now >its less than $1 mil, with 5 months left to pay... >SW got an extension in May & cut it in half during its >restructuring period! Yes, you're right. But it's less than $1.0 million now because they used the infusion of capital from the Disney sale to pay it off. To a struggling company like SW (and they still are VERY much struggling) $1.0 million to pay back by the end of the year may as well be $10 million or $100 million - this is not an "itsy bitsy bank loan." They no longer have any valuable assets to liquidate to satiate the bank. And as for all this extra sales income that everyone's talking about - for Charlotte Walker to say sales are up 150% from their dismal placings last quarter makes me want to remind everyone that some small number times 1.5 is still some small number. >Including the loan, Beninger sure left a mess for Charlotte Walker >to clean up. Shes still busy in NYC. Her reputation is at stake >here... Not too mention all her personal capital... Bart.

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