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Gold/Mining/Energy : BCB VOICE SYSTEMS INC. (c.BIV) -- Ignore unavailable to you. Want to Upgrade?

To: Keith Minler who wrote (130)	4/5/1998 3:27:00 PM
From: philipah	Read Replies (2) \| Respond to of 440

Keith: Belated thanks for your urinary interest in my breakfast cereal. You obviously believe that a band-aid infusion of $150K will protect the investment of a heavily committed "astute investor". That opinion may indeed be shared by a lot of people. But this observer notices that the cash burn rate exceeds revenues at BIV. And short term financings of such small amounts ( yes, Virginia, $150K is a very very small amount for a corporate financing by a public company) signal underlying and fundamental problems. i.e. running out of $$$$$. This isn't "assuming all these negatives", the negatives are already on the table. I would be very surprised to learn that you were correct in your statement " As far as quick they could have the cash now and do the paper later." Do you think someone has advanced the $ already, unsecured & unpapered? That's not how I read the release. Your laundry list of financing sources seems vaguely familiar. Hasn't BIV already attempted/completed most of "As far as muss and fuss, lets see,a secondary issue, rights, warrants, convertible debs, secured notes, unsecured notes, line of credit, straight up bank loan". Your lottery ticket suggestion doesn't sound crazy. "If you want to know about sweeteners call and ask" I've made my call on sweeteners already,the DD says doo-doo. So does the market. "No stock exchange in the world is designed to protect you; they exist for their members to make money." Why then do they have compliance departments at the exchanges? And what of the securities regulatory bodies? Ever heard of the SEC, OSC, ETC? Who are they making $ for? "BTW the Bre-X debacle unfolded on the TSE." The final blowup occurred on the TSE - but prior to that, the ASE was proud home to Bre-X. In fact, the prudent TSE governors relied on Bre-X's alma mater, the ASE Mensa-types, and conferred Bre-X star status (TSE 35) without an ounce of gold. The average dental patient has more gold in her mouth than all of Busang! Titanic-wise, the company is down to the short strokes. Minor dribs of cash from astute investors notwithstanding. Care to disagree with that too? Good Luck to all, including BIV.