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.

Gold/Mining/Energy : PKS-PeakSoft Multinet Corp. (was PeakSoft Corp.) -- Ignore unavailable to you. Want to Upgrade?

To: william davis who wrote (1048)	1/12/1998 11:29:00 AM
From: Steve	Respond to of 1470

Peak screws the small investor again!!!!! PeakSoft Corp - Amendments to financing and outstanding warrant terms PKT Shares issued 99,999,999 1998-01-09 close $0.60 Monday Jan 12 1998 Mr Stephen Fowler reports, PeakSoft Corporation, developers of PeakJet and NetMagnet, a new Internet productivity software suite with planned availability by download from the PeakSoft Web site (www.peak.com) the week of January 19 1998, today announced proposed financing and warrant amendments. PeakSoft has reached an understanding with The Liverpool Limited Partnership and Westgate International, LP, (the "investors") to amend the terms of their financing agreement as announced on September 9 1997. The investors have reduced escrow requirements through February 1998. This is anticipated to provide an additional US$200,000 working capital to the company. The second closing of the financing referred to above for US$875,000 has been extended until April 15 1998 subject to the company meeting certain milestones determined by the investors. In addition, PeakSoft has filed a request with the Alberta Stock Exchange to amend the exercising price on certain currently outstanding warrants as follows (in Canadian dollars): 1. 466,665 warrants exercisable at the price of $1.00 until May 10 1998. The company has requested a new exercise price of $0.75. 2. 1,466,667 special warrants exercisable at a price of $0.70 until April 7 1998. The company has requested a new exercise price of $0.50. 3. 275,000 special warrants exercisable at a price of $1.00 until May 18 1998. The company has requested a new exercise price of $0.75. 4. 253,000 special warrants exercisable at a price of $1.35 until January 17 1998. The company has requested a new exercise price of $1.00 and extended the terms of the warrants to July 17 1998. "We feel that these amendments and the investors' continued support, combined with improved cash flow from sales of NetMagnet and PeakJet 2.0, will provide adequate working capital for the near future. The funds will be used in the development of new products and to implement our Value Added Reseller (VAR) and corporate sales program," stated Doug Foster, president and CEO of PeakSoft. PeakSoft Corporation is a market leader in the development of award winning Java-based Internet productivity and communication software products. Publicly traded on the Alberta Stock Exchange (PKT), PeakSoft has its corporate headquarters in Bellingham, WA. For investor information, call 888-377-7325, visit the PeakSoft Web site at www.peak.com, or send e-mail to invest@peak.com. Unwritten meaning: We have spent all our money AGAIN! ($1,000,000 U.S.) We did not meet the original terms to get more cash from Elliott so lets re-work the deal and screw the small investor again and again while we are on the Alberta. While we still have no product out, no earnings news, no audit news, and no bulletin board news.

To: william davis who wrote (1048)	1/12/1998 11:34:00 AM
From: Big Bucks	Respond to of 1470

William, I am hoping that PeakSoft can arrange to be aquired by someone who can utilize the programming in their browser software. At suggested retail of $99, this probably won't sell. Since it is Java based who would benefit the most from aquiring this software package and including it as a feature set in a browser?? Any ideas?? BB