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To: dwlima who wrote (638)3/23/1998 8:20:00 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 7703
 
dwlima, I'll be updating all on financials after I talk to
Bob Cummings, CFO, tomorrow, when I will be posing those exact questions.

What I currently know is that for the last month or so he has been working on audited financials, to both become a fully reporting company and to show current reserves/cash burn and forcasts.

It should be noted that 97' was probably a bit of a loss
however, 1st qtr-98' is in the positive!

We have been given 60-Million in financing from the dharma group
in exchange for preferred-restricted shares which are restricted for some time i.e. not releasable this year. I need to further confirm that "fact" tomorrow, along with many other questions you and I both have.

I must say however, the company executives have been courteous and
forthright in answering all of my questions to date. I am confident
that I will be pleased with the results of my inquiries based on the reception I have been give so far.

Note: I can always be wrong but, my experience in dealing with upper management leads me to conclude that when cos. are forthright and not evasive it is a huge plus.

Please note that it takes time away from my medical practice to obtain this information and therefore my replies here have been somewhat delayed. I am passing along information as I obtain it.

bg



To: dwlima who wrote (638)3/23/1998 8:30:00 PM
From: Secret_Agent_Man  Respond to of 7703
 
dwlima, have you read the news releases? Some of the answers to your questions are in them.[e]
newsalert.com
bg