ZixIt Corporation (ZIXI) Message Board

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Strategies & Market Trends : ZixIt Corporation (ZIXI)

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To: DaveMG who wrote (3922)	9/26/2002 7:31:03 PM
From: Kevin Podsiadlik	Read Replies (1) of 4120

The short case, put simply, is that "gathering some business momentum" isn't going to cut it anymore for ZIXI. They basically need to hit the jackpot with HIPAA. If they don't, the convertible will take them down, hard. And don't read too much into the vulnerability of the insiders. Besides the fact that they've only put in a fraction of what they've made for themselves over the past few years, the fact that they are participating means that if and when there is a feeding frenzy over the corpse of ZIXI, they get in on the action. If they only held common shares they'd get zippo. I could go on a LONG time about the problems ZIXI faces. No one even has numbers to show how much of the nationwide HIPAA email market ZIXI needs to capture to become profitable, but based on the contract sizes ZIXI has divulged, they need a pretty big chunk. No more of this "we only need 1% of the market". If the largest provider in New Jersey only nets them 1000 seats, one wonders if the entire nationwide market would even be enough. Bottom line, ZIXI needs a miracle. And even if it gets one, then it gets to have the fun of finding a valuation in this market. Shorts are not worried.

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