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.

Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Bilberry who wrote (3810)	11/4/1997 5:50:00 PM
From: Dale Kohler	Read Replies (1) \| Respond to of 9695

Here is a reference to the purchase of CATS in an old 10Q: On February 7, 1996, the Company signed a letter of intent ("LOI") to acquire 80 percent (3,264,292 shares) of the outstanding common stock of California ASIC Technical Services, Inc. ("CATS") for a price of approximately $0.80 per CATS share outstanding as of that date. The price is subject to adjustment and is payable in common stock of the Company valued at a recent trading price, subject to the completion of the Company's due diligence and other customary conditions to closing. CATS is a non-reporting publicly-held company, the trading of whose shares are reported on the National Association of Securities Dealers Bulletin Board. It is engaged in the design, fabrication, assembly and testing of application specific integrated circuits ("ASIC") for the electronics industry. As part of the LOI, the Company loaned $100,000 to CATS and agreed, subject to its completion of the acquisition of a minimum of 80 percent of CATS, to advance up to an additional $1.4 million to CATS over an eighteen month period to be used by CATS for equipment purchases and working capital purposes. The Company believes that sources of funding for this commitment are available to it primarily through private debt or equity offerings to individual investors. By my figuring the purchase price was 2,611,433 dollars worth of JMAR stock, which at that time was worth in the neighborhood of $1 a share. If indeed they were prohibited from selling their stock till now, which we don't know for sure at all, it would take a good 10 to 15 days to get rid of it. Maybe twice that if you consider that other people are trading the stock also. The 18 months referred to in the 10Q would have ended about the time JMAR made its recent announcement about CATS. Dale