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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK) -- Ignore unavailable to you. Want to Upgrade?

To: TEDennis who wrote (370)	5/22/1998 1:40:00 PM
From: Hoatzin	Respond to of 684

TED, re receivables: Mr Hite made that statement on April 20th. So it is theoretically possible that the money has been received by Veronex by now. However, according to the LA Times article (which, of course, may or may not be 100% accurate): "Boose (Venture Tech 2000 CEO) also told investigators Thursday that the firm had raised $2.1 million from investors. But as of Thursday, investigators said, it appeared the company had arranged only one contract--for $15,000--and had only $2,000 in assets." So, it seems unlikely that Veronex will be able to actually receive this receivable. Maybe they have some other, more substantial, partners in the wings. Kevin