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To: dumbmoney who wrote (1056)	5/14/1998 4:14:00 AM
From: Q.	Read Replies (1) \| Respond to of 2506

all: ZITL filed its 10Q, which has a hint of a financing deal coming in the near future. Considering their situation, I think a discounted convertible is their best bet. Their market cap is still over $100 M. Here's the excerpt: Management believes that the Company will be able to meet its cash requirements for the quarter ending June 30, 1998 from cash on hand, other working capital, and cash flow from operations augmented by the recently obtained bank line of credit. The Company currently plans to raise additional capital to fund operations until cash flow from operating activities are positive. Management is actively engaged in evaluating alternative sources for capital and believes this effort will be successful. There can be no assurance, however, that the Company would be successful in raising the additional capital.