Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Duff Gain who wrote (5060)	11/28/2001 8:09:09 AM
From: Al Collard	Read Replies (1) of 11802

MGI-t... in the news: Globe says Canaccord analyst sees cash infusion for MGI Wed 28 Nov 2001 The Globe and Mail reports in its Wednesday, Nov. 28, edition that shares of MGI Software were halted Tuesday on the Toronto Stock Exchange. The Globe's In Brief column reports that a company spokesperson declined comment until it issues a news release. Canaccord Capital analyst Paul Bradley speculated MGI might get an infusion of much-needed cash from an investor. MGI has been drawing down its cash reserve in recent months and had $5.4-million in cash and short-term investments, it said. MGI raised $10-million through a rights offering in the summer. However, it has been unable to use it because the prospectus has not been approved by regulators, the company said.

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