Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Alantra Venture Corp AVB-V -- Ignore unavailable to you. Want to Upgrade?

To: David Michaud who wrote (11)	10/23/1999 5:01:00 PM
From: cyrusman	Read Replies (1) \| Respond to of 59

Hi Dave, Thanks for the update and background info. I spoke with company IR guy on Friday this past week regarding money in bank and continued devoplments regarding sales for the VIP SatNet. First off, company's resources at present are approx. $300,000. Sales and revenues for units in the field are contributing to fund development. From what I gathered is that they will be cash tight when a multiple of orders are received, purchasing goods and materials for fabrication etc. I was advised that a P.P. is in discussion with a T.O. group and one of the co. officers is in Europe for that purpose as well as initiating a licensing agreement. Second, the sales efforts - sales info was pretty tight lipped, it was mentioned that there are several high profile companies that they are involved in negotiations with, it was also mentioned, one deal is for a min. of 5 units before year end. Makes sense if they out sourcing cash at the same time. The two of the three units sold have been delivered and Tech Corp. takes delivery in a couple of weeks of their first unit. I strongly believe we'll see great things happen with this company that will strongly relect in its share price. Don't you like a company that is focused on its fundamentals. Cyrusman