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Technology Stocks : VCampus Corporation (VCMP) -- Ignore unavailable to you. Want to Upgrade?

To: zonkie who wrote (97)	6/29/1999 10:53:00 PM
From: Larry Brubaker	Respond to of 106

<<Knowledgeworks accounted for approximately $1.6 million of revenues and $100,000 in operating losses.>> Sounds like one of their more profitable businesses. Too bad they have to sell it. Although, from the PR, it seems like they are selling it to themselves? <<which convert at a fixed price of $5.55 per share and gives the Company total flexibility to redeem if market price is lower than $5.55.>> Interesting comment, but the logic escapes me. They are so strapped for cash they are forced to do a deal with the floorless bandits, but they are saying, in essence, "don't worry, we can buy out the floorless (at a 10% premium) if we have to." If they needed money so badly they had to go to a floorless to get it, where are they going to get the money to buy it out at a 10% premium?