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Gold/Mining/Energy : SCS Solars Computing Systems Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Wiselight who wrote (862)	6/8/1999 5:45:00 PM
From: DAK7	Read Replies (2) \| Respond to of 1201

According to today's Market News story on Bloomberg, "The private placement as been fully subscribed and the Company has received the funds". No backing out there, its done. I also think we'll find out sooner rather than later what the money will be used for. I imagine management had a use of proceeds prior to the financing. Spoke to IR last week to get handle on the float. According to the e-mail I received they break out the 34,60,551 shares as follows; 19% Insiders, 41% Close Associates (15 or so PP buyers), and 40% public float. The company views the Close Associates as very friendly. My impression is that the shares that are free on June 19th may not come out that quickly with the anticipation that positive news is coming. Good luck.