Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Elvis Jones who wrote (5700)	12/11/1997 11:19:00 AM
From: chaz	Read Replies (3) of 26039

There's more to be explored. IDX's burn rate looks to me like they will absolutely need fresh cash...currently supported by $6.0 in credit lines, about 75% unused. And read closely and you'll find still another one in there at about the same levels. Bank financing is the worst you can have. Can see a need down the road for new stock sales, or bonds (convertible?), and ergo, dilution. Looks to me like they're headed for a major pothole, but, maybe I'm missing something. And puzzlingly, not one response to me was posted early a.m....not even a flame. I was very surprised. Chaz.

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