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Non-Tech : pamc
PAMC 45.56-2.1%Nov 6 4:00 PM EST
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To: port_mgr who wrote (106)11/17/1998 1:06:00 PM
From: Parnell  Read Replies (1) of 570
 
From page 20 of the 10Q
HealthAxis has obtained $8,150 in funding as of September 30, 1998
consisting of a $750 fee payment from HPS in March 1998 to be the exclusive
administrator of this business, a $5 million private placement of HealthAxis,
Inc. convertible debt during the second quarter of 1998 which was converted into
HealthAxis common during the third quarter and a $2.4 million issuance of
convertible cumulative preferred stock to PILIC in the third quarter. The
Company and HealthAxis received $5.75 million as a result of the issuance of
PAMCO common stock to a group led by Lynx private equity partners and HealthAxis
convertible cumulative preferred stock purchased by AOL on November 16, 1998.
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