To: XBrit who wrote (4897 ) 7/31/2001 6:55:16 PM From: RockyBalboa Read Replies (1) | Respond to And here's the reason why. FD? BFD, now also the p.t. public knows. Lost world:Avant!'s current cash resources are not sufficient to pay the remaining amount at this time. Avant! and Cadence are discussing terms for Avant!'s payment of the remaining amount by January 15, 2002. Avant! is also seeking sources of additional funding with which to pay the remaining amount. Although there can be no assurance that Avant! will succeed in obtaining payment terms or sources of additional funding, Avant! believes that cash it will generate from ongoing operations and other sources of capital will be sufficient to pay the remaining amount by January 15, 2002.If Avant! is required to pay immediately the remaining balance of the restitution amount, Avant!'s financial condition and present ability to finance its current level of business activity would be materially and adversely affected . believes that cash it will generate from ongoing operations and other sources of capital will be sufficient to make the required payments.
