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Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF)
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To: Martin Goldenberg who wrote (1337)10/15/1998 9:35:00 PM
From: Zvi Yammer  Read Replies (1) of 1606
 
Martin;

I sure hope you know something about what your writing cuz' based on
passed cash burn rates the 4 million was sorely needed and with the 4 million I would guess that PLaintree has approximately 3.5 million in cash net of the outstanding bank loans which are backed by non-existent receivables and are most probably being called.

As for the memorandum it's nothing new. If Nortel ="really" licenced the Plaintree technology there shold have been a bulk payment
of some 30-50 million (based on 200 million dollar valuation) or a listing of some possible milestone payments based on the related sales .

Yes Martin we hope for the best as most of us wish we could say that
we paid 3.50 (canadian) for even 1/2 of our Plaintree holdings.
But 80% chance of survival...... barring a miracle of some magnitude
your a bit overly optimistic.

So if you got some inside dope ... here's the place to spill your guts.
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