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To: Daniel Chisholm who wrote (435)6/30/1999 6:43:00 AM
From: nanocap  Respond to of 477
 
Daniel, I think it would be worthwhile calling the Company. Although they probably will not discuss specific financial transactions, they may give you a feel for the financial alternatives available to them.

The next two quarters will be interesting. If they can demonstrate a growth rate similar to the first quarter of this year, they should go cash flow positive, which would ease the financial pressure a bit.

Keep in mind they have ongoing development licenses with some very large companies, many of which could result in substantial revenue.



To: Daniel Chisholm who wrote (435)7/14/1999 8:38:00 PM
From: nanocap  Read Replies (1) | Respond to of 477
 
Daniel, Today's financing package should ease near term concerns over balance sheet. Although convert will lead to more common shares outstanding, if first quarter top line growth continues, company will grow into new equity structure. Second quarter results due next week.