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Technology Stocks : Zitel-ZITL What's Happening

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To: Bill Wexler who wrote (14683)3/17/1998 7:57:00 PM
From: Michael  Read Replies (1) of 18263
 
If Zitel's cash burn is greater than $1.8 million a month this year.
Zitel will be bankrupt before the conference call on about Apr.27.
Also if Zitel has less than $2.0 million cash on Apr.27.
Zitel could file for bankruptcy before conference call.
Most of this hinges on whether Zitel can secure additional financing.

Your Friend, Michael
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