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Non-Tech : InvestRight Club Challenge
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To: Scott Andrew Smith who wrote (26)2/20/1999 10:29:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 2662
 
No chance of RDIM doing that Scott. The company has just completed it's initial round of fund raising. This money should be used to start RDIM down the road to making it's business plan a reality as they close acquisitions and open up their e commerce demo site. RDIM will soon be looking to do a follow on SB2 offering of restricted stock. The company announced they were hoping to raise around $20 million this way during the last conference call back in late December. There won't be any floorless convertibles done on RDIM.

I suppose warning lights on a company for a company that might have to use a floorless convertible would be when you have a company that has had a very difficult time raising funding for an extended period of time. RDIM is just getting started and hardly qualifies as a company that has sent up any warning signs.

Regards, Jeff
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