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Technology Stocks : EFAX.com - easy-to-use fax-to-email technology
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To: Tom Hua who wrote (769)3/24/1999 10:54:00 AM
From: Roger A. Babb   of 1197
 
Tom, given the large cash burn to ramp up the service and no revenues, it is my prediction that EFAX will soon be issuing a convertible of some type. With very little cash on hand and a market cap of over $250 million we can expect they will be trying to "cash out" the market cap. The usual mechanism is a floorless convertible, again look at history of ZITL.
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