ADSP - Ariel Message Board

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Technology Stocks : ADSP - Ariel

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To: JSB who wrote (1175)	3/11/1998 9:35:00 PM
From: Jim McCormack	Read Replies (1) of 2263

Friendly Re-post on Prospects This post is meant as an informative post not a "Negative" just a neutral post from someone who is waiting to buy..... I posted it late January and I am waiting to see if the secondary offering happens before I jump in.... I see the sales figures happening, Can they get 5 million for Horizon?. Here is caption from the SEC filing from Edgar: "Continuance of the Company as a going concern is dependent upon the Company's ability to generate capital and its attainment of profitable operations. If the Company is able to meet its increased levels of new product sales of at least $27 million for fiscal 1998 and attain profitability and is able to raise a minimum of $5 million from its sale of the Horizon product and team or through an equity offering, the Company believes it will be able to continue as a going concern through December 31, 1998. However, if the increased levels of sales and the attainment of profitability are not met, the dollar amount needed to be raised will be significantly greater. The Company has commenced discussions with potential underwriters concerning the possibility of an additional equity offering. While there can be no assurances that an equity offering will be completed, the Company foresees closing such offering during the second quarter of 1998. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. The Company's present capital resources are expected to provide sufficient capital through April 30, 1998 before an additional infusion of capital is required." All this having been said I do like the company product and positioning but I have to use the product "Rascal" and then see the year end numbers and read managements discussion of the coming year before I part with some cash.... Seems I own way too many turnaround plays. Well maybe I'll add just one more.... Here is the link to SEC filings for ADSP excite.elogic.com May all you Investments be Winners! Jim McCormack

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