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Gold/Mining/Energy : MGI Software (MGI on the TSE)

MGI 10.99

0.0%

Jun 1 5:00 PM EST

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To: Steve Stinson who wrote (305)	12/3/1998 7:47:00 PM
From: Luc N.	Read Replies (1) of 553

The IR guy does not expect MGI to make money until the end of next year if I remember correctly. Perhaps I'll call him back tomorrow and ask again. This being said, I think there is a good explanation for your concern about receivables. The latest version of Photosuite starting shipping in the middle of september. Therefore it makes sense for receivables to be high as the average payment is made withing 95 days. Only 45 days have expired since the product started shipping.

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