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Microcap & Penny Stocks : MIS International (NASD/BB: MISM) -- Ignore unavailable to you. Want to Upgrade?


To: nougie who wrote (166)2/17/1998 2:41:00 PM
From: Leroyt  Read Replies (1) | Respond to of 264
 
I just got a review of the situation at MIS with Dan Masters, CEO. The letter of intent is a committment on the Financial institutions part to finance the three purchases which I have confirmed as:

1. Pretzel company in Florida - about 25 franchises. Note that finalizing this deal was delayed due to the death of the Florida company's attorney in January.
2. Pretzel company in Denver - 220 franchises.
3. Automotive chain in Canada - about 50 franchises.

Press releases on all of these can be found at quote.yahoo.com

The final financing and closure of these deals is expected to take three to six weeks.

And, yes, I do agree that "solid numbers" really do make a difference.

Leroyt