LMTS - Lasermaster Technologies Message Board

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Technology Stocks : LMTS - Lasermaster Technologies

LMTS 21.95

-0.5%

Oct 28 3:27 PM EDT

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To: Guy Carbonneau who wrote (3)	11/14/1996 12:50:00 PM
From: Chris Collins	of 11

I was allerted to the company when I read that GE Capital had invested $2M in its equity, in addition to providing finance. See below: The agreement provides for the purchase of up to $2 million of LaserMaster's common stock at market rates as of close on September 24, 1996, together with warrants to buy an equivalent number of shares in the future. Since January 1996, GE Capital has provided LaserMaster with a $10 million revolving credit facility which is secured by receivables, inventory and other assets. Also a Swiss company, which is a supplier, took a 20% stake. See below: Sept 26 (Reuter) - Sihl-Zurich Paper Mill on Sihl AG said Thursday it has acquired a 19.95 percent stake in LaserMaster Technologies Inc. In a filing with the Securities and Exchange Comission, the Zurich-based specialty paper and coatings manufacturer said it bought the stake on September 16, paying with a $6 million promissory note. Market Capitalisation is about $70M, and annual sales about $90M. I invested a little about a month ago at $6 1/8, mainly on the basis that GE Capital usually makes smart moves, and maybe they had spotted a turn around situation. Chris C

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