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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX) -- Ignore unavailable to you. Want to Upgrade?


To: BlueCheap who wrote (2865)8/12/1999 11:41:00 PM
From: Curtis Frazier  Respond to of 2911
 
Management's Discussion and Analysis of Financial Condition and Results of Operations
Overview

The Company's revenues are provided primarily from its supplemental staffing of therapy and nursing professionals. The Company intends to dispose of its supplemental staffing business if an adequate price is offered. Until such a sale occurs, and if the Company's projections for the supplemental staffing portion of its business are met, such business should provide adequate cash flow to fund the operation of such portion of the Company's business for the next twelve months.

The Company's medical information software business (Cymedix) will require adequate funding in order to continue its efforts to bring its products to market. Such funding is not currently secured. If the Company sells its supplemental healthcare staffing business, the proceeds of such sale will not be sufficient to fund the shortfall in the currently budgeted Cymedix operations for the next twelve months. The Company will attempt to fund Cymedix's development through raising capital in the private debt or equity markets. The Company may not be successful in raising such capital. In which case, the continued operation of the Company as a going concern would be doubtful.




To: BlueCheap who wrote (2865)8/12/1999 11:43:00 PM
From: Curtis Frazier  Read Replies (1) | Respond to of 2911
 
Looks like MDIX is going out of business. At least that's what the previous post I posted suggested. I can't believe I've been in the stock since $8 a share and I sat there and watched Yeros just screw up a perfectly good company.