The bad news...
"Company also announced that the $1 million debt financing of October 1997, which became due March 31, 1998, was again extended. The note is now due June 30, 1998. The Company does not expect to repay the note by June 30, 1998, and believes the due date will again be extended. "
The good news...
"Having secured this key investment as part of the effort to reorganize the company, Kenneth Holmes, Chief Financial Officer and acting Chief Executive Officer of OMNIS stated, ''with the expansion of our sales and marketing efforts, we are targeting a near break-even first quarter, ending June 30, 1998. This company has many challenges in front of it, but thanks to a strong partner channel, which provides a stable revenue stream, we feel confident in meeting our goals.''
I've waited this long, another 2-3 months ain't gonna kill me (especially if I see this as an end-of-year tax deduction) |
