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Technology Stocks : Network Connection , Inc. (TNCX)
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To: Nimbus who wrote (228)3/13/1998 8:25:00 PM
From: andy harrison  Read Replies (1) of 330
 
I agree. TNCX needs alot of cash to be able to buy material to
fill purchase orders. I would assume that the timing of this
private placement means that a deal or more than one is close
to signing. Remember that a purchase order and a contract isnt
worth anything if you cant fill it. I also believe that the corporations that TNCX are
negotiating with are gigantic compared to them and these companies
would definately want to make sure that they can afford to buy
material. I dont want to guess the terms that they set up with their
customers but I am sure that they extend credit to them and the
2.2 million will be the buffer until they can get money flow in.
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