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Microcap & Penny Stocks : Universal Medical Sytems (UMSI) -- Ignore unavailable to you. Want to Upgrade?

To: Laurens who wrote (475)	12/11/1997 1:06:00 PM
From: Art C.	Respond to of 1672

Why would Select Capital go out on a limb with a statement such as this: According to Select's Chairman, Ronald G. Williams, "Universal Medical is a strong company with an excellent management team. When sufficiently capitalized, this company can develop from one with an enormous potential for growth, into the reality of being an industry leader. Select is proud to be associated with financing the growth of this company, and we will continue to support its expansion." Art

To: Laurens who wrote (475)	12/11/1997 3:10:00 PM
From: Benoit Desrochers	Respond to of 1672

You don't need to read any fine print LB. The release says " has arranged for a financing commitment totalling up to $5 million for the company, of which the first $400,000 has been funded." I suppose a <<commitment>> can be withdrawn? And to think I got in at .33 figuring it couldn't go much lower. Looks like I'll be eating beans and kraft dinner tonight. And if this thing takes off next week, I'll be eating my hat. That's because right now I've got no more guts for glory's sake. ..........Ben