SI
SI
discoversearch

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.
Microcap & Penny Stocks : BMKS More internet acquisitions in 2000 -- Ignore unavailable to you. Want to Upgrade?


To: Evan who wrote (1036)4/12/2002 11:27:40 AM
From: Evan  Read Replies (1) | Respond to of 1453
 
BMKS sold ZOOM for 80% of the debt they owed on it, ZOOM could NOT have serviced it's debt? The new owner can survive the red ink while it turns around, BMKS could not. The business left is more or less a cash business, renewals and new signups for mailstart and 50% cash with the order for machine sales. The only tricky thing they have left is to negotiate a way to deal with K-W machines debt that they can deal with out of current cash flow, I think they will be able to do this because it's in the best interest of both parties.