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Microcap & Penny Stocks : IMGX, currently $3.50
IMGX 0.00010000.0%Oct 28 5:00 PM EST

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To: Michael Sphar who wrote (374)9/14/1997 11:34:00 AM
From: Jay Morrison   of 665
 
I recently got more details on the financing that Network Imaging got from Zannett.

Zannet gave them $3.5 million for now, with more coming if they reach certain defined sales goals. Those include reaching the breakeven mark this year. Zannet's analyst went thru the entire company and then Zannet gave Network Imaging a list of things to do. One included firing certain people.

Zannet had enough confidence to invest in the comapny. His view is that the company deserves to be at least a $7 stock.

Jay
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