FASTCOMM (FSCX)...UP, UP, & AWAY!!! Message Board

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Technology Stocks : FASTCOMM (FSCX)...UP, UP, & AWAY!!!

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To: Bill who wrote (114)	3/24/1998 7:02:00 PM
From: Ranchokid	Read Replies (2) of 173

What follows is part of fscx 10-q filing. It sounds like the company is on the ropes. Comments anyone? --------- On February 17, 1998, the Circuit Court of Fairfax County, Virginia awarded a former officer and director of the Company $1,288,233 in damages and interest for breach of contract. Interest on this judgment continues to accrue at a rate of 8% per annum. The Company does not currently have the resources to pay this judgment in full and continue normal business operations. The Company is currently considering all available options. These options include, but are not limited to, a non cash settlement with the plaintiff, additional financing, which could involve the sale of all or part of the Company, or reorganization under Chapter 11 of the Federal Bankruptcy Act. While the Company has filed a motion to appeal this decision it can give no assurance as to its success or the outcome of this matter.

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