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Technology Stocks : Boca research - Reawakening?
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To: Leo Francis who wrote (460)8/14/1997 10:09:00 AM
From: Leo Francis   of 640
 
"The Company also has a receivable outstanding in the amount of $2,390,000
from Creatix. The Company had entered into a letter of intent to purchase Creatix but the definitive agreement has not yet been
executed and the Company has not received the necessary bank financing nor the commitment for the subsidy from the
Government of Saarland. In light of these factors and the deterioration in the operating results of Creatix, the Company will
likely not complete the acquisition. The receivable is the result of the Company selling modem chips to Creatix. The trustee
managing the operations of Creatix has indicated that the receivable balance will be paid as Creatix collects receivables and
reduces inventories. Based on information provided to the Company by Creatix, the Company believes that Creatix has the
financial resources to pay the receivable balance. However, further operating losses being incurred by Creatix may impact its
ability to pay the full balance. The inability of the Company to collect the Creatix receivable could adversely affect the liquidity
of the Company and future financial results." 10 Q

I strongly suggest investor's read this entire document, and stop listening to brokers!!!!! LF
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