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Technology Stocks : Hide & Seek - The Copy Protection Solution

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To: Cage Rattler who wrote (624)8/30/1998 11:08:00 PM
From: Chloe R  Read Replies (1) of 690
 
Hi Ted!

Salaries have to be paid. This company hasn't been around for two and a half years by not paying its people. They're not sitting around waiting for the offering to keep the team together. They are working - refining the products, working with Bayer, and negotiating orders even without the specific demo discs. Naturally, none of this cam be done for free. I believe the small financing done last month was partly for the purpose of meeting wage requirements.

>>>a quaint turn<<<

I don't really follow you.

The company can't access any of the funds in the escrow account without giving the investor the opportunity to receive their funds back. It would be illegal. As such, none of the funds can simply be applied to salaries.

Clo

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