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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX)
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To: peter michaelson who wrote (775)4/29/1998 1:21:00 PM
From: Sandra  Read Replies (2) of 2911
 
Peter,
The $3.5 million debt is revolving receivables financing. There is no other
debt. There is will be no overhang. When the business sales are complete,
the company will be left with all of the $9 million from the sale, plus its
receivables for the first nine months of 1998. The debt will be extinguished
as the receivables are collected. The monies go directly to the bank. I
think there might even be a windfall because the receivables are actually 130%
of the debt. .

This information is true...draw your own conclusions. Im long and staying!

Sandra
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