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Technology Stocks : Information Management Associates - (IMAA) -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (120)	8/23/1999 2:42:00 PM
From: Wolff	Respond to of 165

Is IMAA getting these loans or are they still cash strapped? On August 12, 1999, IMA signed a commitment letter for an $8 million secured revolving credit facility from an institutional lender. ... The closing of the line of credit is subject to certain conditions, including the execution of definitive financing documents. In March 1999, the Company obtained a commitment from a commercial bank to provide a $7.5 million senior secured revolving credit facility bearing interest at a floating rate based on several rate alternatives. ... The closing of the Credit Facility is subject to execution of a definitive credit agreement and other customary conditions. The Company expects to formalize the Credit Facility with the bank in April 1999.

To: TFF who wrote (120)	8/23/1999 4:16:00 PM
From: LTK007	Read Replies (1) \| Respond to of 165

so,for what good will it do. I agree with the concept that I heard someone else express and that is that the principles in IMAA are separating their lifeboat(buyingedge.com) as far as possible from their sinking ship. Their disclaimer that is posted on this thread regards the future prospects of IMAA is as candid a statement I think I have ever read in a SEC filing--they forthrightly say we expect the company's future to be bleak and will have an adverse impact on the stock's price etc. I am wasn't even tempted to cover my short today.Max90