Sapiens International Corporation (SPNSF): Turn around...? Message Board

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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: uu who wrote (1160)	2/16/1998 11:32:00 AM
From: Robert G Allen	Read Replies (3) of 1936

Since you guys keep stewing over it!! The suit has been settled and payed. This is why the company issued the convertible preferred last yr. This is very old news. The convertible has even been converted and is ,in part,responsible for the share drop. The folks that have a claim have been paid . You folks are supposing about things that you nothing about. Make a phone call. That you have not received a distribution yet is only a detail....the amount is fixed....and not subject to further negotiation...call the company....call Bleichroeder...they handled the whole affair for SPNSF. 5 yr 60% growth is feasible, 23mil cash, 50 y2k bids out there,15 of which are $5Mil + projects and that does not include licensing fees from IBM,EDS,UIS etc. etc. Sources are extremely pleased and a host of clients which are large insurance companies, make insuretech a schrewd acquisition. 20 experienced software pro's & 15 major league insurance deals for 200k in cash and stock this acquistion ia a steal. Not sure about the agenda of some here but most here need to do some due dillegence

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