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To: Tom who wrote (34298)9/1/1999 2:00:00 PM
From: Suzanne Newsome  Read Replies (1) | Respond to of 44908
 
Tom, here we have very good news announced at last, and it seems some of our colleagues are a little snippy. Ditch sounded downright dismayed by the financing announcement. This financing ensures survivability until positive cash flow is attained. The motivation to short is removed. These debtholders prosper if the stock goes up, just like you and I do. These debtholders may be in a position to clean up any of the residual hangover from the first PP. We are one month from having the participation level of Lifetime Learning determined. There have been rumors (note "rumors" refers to information of undetermined validity) of new deals being worked on which may be announced in September. The dog days of summer are over. Happier times are ahead. Regards, Suzanne



To: Tom who wrote (34298)9/1/1999 2:26:00 PM
From: Zeev Hed  Read Replies (3) | Respond to of 44908
 
Tom, if you indeed believe in the business plan, you should rejoice, there was no "not" omitted there. I think that you should adjust profitability to the range of share counts closer to 250 MM (adding about 80 MM shares to the current count assuming that $4 MM will be at an average floorless around $.05, the price few days back when the negotiations were terminated, and then you'll have to see the exact number of warrants granted for each share. The important thing is that whatever that number is, it is going to be "finite" and not "infinite" as it was until now. That does call for rejoicing.

Zeev



To: Tom who wrote (34298)9/1/1999 7:09:00 PM
From: Tom  Read Replies (3) | Respond to of 44908
 
To myself: Hey Tom, you left out a "not" also! (Thanks, Bob)...

(Correction to my previous post to Zeev):

"However, your prediction of death spiral due to endless ADDITIONAL floorless financing does (NOT) appear to have come to pass."

Tom



To: Tom who wrote (34298)9/2/1999 2:03:00 PM
From: Suzanne Newsome  Read Replies (1) | Respond to of 44908
 
Tom, another assumption Alyce made is $4.50 per card goes to TSIG. It was my understanding that TSIG's deal with Lifetime Learning gave TSIG $4.25 per card. In some of my more recent projections, I used $4.00 per card to TSIG because I was allowing for the $.25 per card to go to NMF. I think $4.25 is certainly a fair number to use, and $4.50 is not far off. All in all, these were interesting numbers. My thanks to Alyce for her contributions! Regards, Suzanne