Hi, I was spammed on Yahoo, too & for some reason decided to take a look. Read the 10-K & 13-(D?) & also have questions. First, who is Michael Kaufman & MK Global enterprises? Second, here is a small clip from the 10-K.
"The Company believes that this cash together with borrowing from the credit
line, which allows it to borrow the lesser of $1,500,000 or 80% of eligible
receivables, and cash generated from operations will be sufficient to meet its
operating requirements at least through the end of 1998, although the Company
anticipates that it will continue to incur net losses for the foreseeable
future. The ability to sustain its operations for a significant period after
December 31, 1998, will depend on the Company's ability to significantly
increase sales or raise significant additional equity or debt financing. There
is no assurance that any of these conditions will be achieved. In particular,
the Company expects to require increasing amounts of cash to finance the
Company's efforts to increase sales, which the Company plans to achieve by
increasing selling efforts to large system integrators and OEMs by hiring
additional sales and sales support staff and by making evaluation units
available. In addition, the Company intends to expand its current network of
resellers. The Company expects that it will require cash to finance purchases of
inventory to satisfy anticipated increased sales as the Company's products
achieve market acceptance."
Anyway, if anyone has any comments i would be interested. I would also recommend looking at the Sep. 10-k and Mr. Kaufman's ownership filing. Just go to the top of the page on SI and click on the NEWS link and follow to SEC filings. I tend to glaze over a bit when i see so many different series of preferred stock.
rod |
