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Microcap & Penny Stocks : QDRX
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To: phoenix who wrote (2096)6/29/1997 8:09:00 PM
From: P. Ramamoorthy   of 3977
 
Roger - Thanks for the summary. The bottom line is they are cash poor. Need money to increase production and product development (and testing). Reg S equity will be a suicide. My guess - Palermo would sell a convertible debenture (callable in 2000 or so) converting to a few preferred or common shares. Victor might bear the interest expense. Hopefully the OEM's market grows enough in 1998 to lift the share price to $2 at least. The covertible might offer a deep discount? Just a guess. They have a lot of work to do to raise earnings/sh.
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