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Strategies & Market Trends : ZixIt Corporation (ZIXI) -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Podsiadlik who wrote (3914)9/18/2002 11:07:32 PM
From: Kevin Podsiadlik  Respond to of 4120
 
Almost missed this part:

Separately, the company announced that David P. Cook has decided to retire from his positions with the company.

Hmm...!



To: Kevin Podsiadlik who wrote (3914)9/19/2002 2:40:06 AM
From: Dale Baker  Read Replies (2) | Respond to of 4120
 
At first glance, it looks like only 1/4 of the new financing is a floorless; the deal is unusual because 1/4 comes from insiders, 1/4 from floorless bandits and half from a single institutional investor. Looks like they were well aware of the consequences of a 100% floorless deal.

The net effect should be to drag out the agony by a few more quarters. Boring.