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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX) -- Ignore unavailable to you. Want to Upgrade?

To: cool who wrote (707)	4/28/1998 10:05:00 AM
From: peter michaelson	Read Replies (1) \| Respond to of 2911

Hi - just got into MDIX yesterday due to this thread. What is the $/share that would come from this sale? thanks, peter

To: cool who wrote (707)	4/28/1998 10:12:00 AM
From: Mike Moran	Read Replies (1) \| Respond to of 2911

I'll be brief because I'm sure all in this folder are glued to their screens as am I. I figure there are two best parts of the financing announced today: 1) the $9 million ($7 million cash) is totally non-dilutive 2) MDIX keeps a stake in their former line of business by accepting senior stock. A great, great deal. After this announcement, the company is holding $.42 per share in cash. I asked my NJ broker friend the other day what the Cymedix burn rate was. He told me it was small. Figure it's $1 million per year. With the multiples that Internet companies are receiving, MDIX should trade at between 3 times and 5 times cash until the revenues from the Internet business begin flowing. Your calculators work as well as mine.