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To: beat the market who wrote (892)2/25/1998 12:20:00 PM
From: John D. Morrison  Read Replies (1) | Respond to of 1845
 
RE SCMI:

(From latest 10Q)

"The Company does not currently have any used or unused lines of credit, any other committed and unused financing facilities or other sources of liquidity other than from operations. The Company has continued to use cash in its operations, is continuing to experience cash flow difficulties and is subject to numerous proceedings by its creditors for repayment of trade and other obligations. Consequently, it is uncertain whether or not the Company will have sufficient cash resources, either from operations or from financing transactions, to carry on its business operations, in which case the Company would be required to seek other alternatives, including sale, merger or discontinuance of operations. "