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Non-Tech : InvestRight Club Challenge

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To: Francois Goelo who wrote (701)	3/15/1999 11:35:00 AM
From: Jeffrey L. Henken	Read Replies (1) of 2662

I think we might want to pass on VXCH. I found this in the latest SEC filing I could find at Yahoo: During the six months ended December 31, 1998, sales were not at a level needed to support the Company's operations. MAXpc has been in the start-up phase, and losses from operations which have been discontinued were approximately $1,700,000. In order to continue, the Company must generate additional funds from one or more of the following sources: sales of the MAXpc product; additional sales of common stock, which would dilute the ownership of current stockholders; collections of receivables; and financing of receivables and inventories, to the extent available. Various contract negotiations are in progress, and management is extremely optimistic funds will be secured which will be sufficient to meet anticipated working capital needs. sec.yahoo.com The company is low on working capital and there are a few 144 filings too. If you know something that will change my thinking I'm always willing to listen. They certainly did get a great review of MAXpc today though, which explains the current stock rise: biz.yahoo.com Thanks, Jeff

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