PREMIS SOFTWARE (PMIS)-Hi Growth, Hi Profits, Lo Multiple Message Board

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Microcap & Penny Stocks : PREMIS SOFTWARE (PMIS)-Hi Growth, Hi Profits, Lo Multiple

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To: francis terry who wrote (76)	9/14/1998 5:38:00 PM
From: GARY P GROBBEL	Read Replies (1) of 110

Francis...the delays were not due to Premis. If you read the 8-k filed a few weeks ago you will see that the payment of $6.5m by NCR to PMIS is in fact more than they would have made on the roll-out of POS 1 and 2 had they retained rights. So in my opinion they end up well here with no debt, $3.25m in now and $3.25m due no later than 9mo from now (my guess is closer to year end or Jan) and a strong bal sheet. Plus a brand new platform that is up and running now at Cotton Ginny and is sked to go in at LA Weight Loss Centers. MY opinion only is that all the work getting this new platform ready will pay off over the next year for PMIS. Yes it has taken a lot of time and money but now it is done and expensed and I understand it is running well at CG. It has unique capabilities that they have filed a patent for and MIGHT be ahead of the competition right now and for a while to come. So I think the company is worth a shot here.

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