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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sandra who wrote (3917)	4/27/1998 7:49:00 PM
From: Sergio H	Read Replies (2) \| Respond to of 29382

Sandra, you know ATPX has me &!@# off. Last time a stock made me this angry was when I bought F$%^R last year. Yuk!!!!!!! I still like ATPX but don't understand what's going on there. So you had to bring APTX to the thread and get me more confused ? APTX just shifted into this color busisness. The financing is scary looking and it's not clear if they have any customers as of yet. Read this from their 10k: CAPITAL RESOURCES AND LIQUIDITY In conjunction with the acquisition of Susan Burrowes, a $1.26 million Regulation D offering to accredited investors was accomplished whereby the investors acquired shares of the Company's common stock at a price of $0.25 per share. On July 23, 1997, the Company raised an additional $880,000, net of offering expenses, via a Regulation D private placement of $1,100,000 of 6% convertible notes to accredited investors. In September 1997 the Company completed a private placement under Regulation D of $1.6 million of 6% convertible notes due August 1999. The notes are convertible into Common Stock at a conversion price of 83% of the average five day closing bid price for the Company's Common Stock during the five days preceding the date of conversion, subject to adjustment. The Company has utilized the money raised on June 12, July 23, and September 4, 1997 from Regulation D private placements to accredited investors for its working capital requirements. The Company is now devoting its resources to develop and expand the operations of DGI. On February 6, 1998, the Company completed an offering of $900,000 of its Series B Preferred Stock to a single accredited investor, and received $808,000 net of offering expenses. Of this amount, $287,500 was used to retire short term debt and the balance was made available for working capital. The Series B Preferred Stock accrues a dividend of 6% per annum and is convertible into the Company's Common Stock at a stated conversion price, initially 80% of the market price of the Company's Common Stock during the five days immediately preceding the date of conversion. The Preferred Stock has a liquidation preference over the Common Stock equal to the principal amount plus accrued and unpaid dividends, and has no voting rights except as required by Delaware law