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


To: Sergio H who wrote (5127)5/23/1998 8:48:00 PM
From: Ditchdigger  Read Replies (1) | Respond to of 29382
 
Sergio,still looking(you couldn't drive me away<lol>-I'm addicted to this thread). Actually was looking at the press release from DGIT "Agile Software Achieves 500%+ Revenue Increase and
300%+ Jump in Installed Seats During Latest Quarter"
and got a little side tracked checking on Agile,but not listed<vbg>
biz.yahoo.com
agilesoft.com
DD..
Have been stirring the pot a little on the ADGI thread<g>-you no me<lol>
I'll check out POOR



To: Sergio H who wrote (5127)5/23/1998 9:13:00 PM
From: Ditchdigger  Read Replies (1) | Respond to of 29382
 
Sergio,I'm sure you saw these "At March 31, 1998, the Company had outstanding 9% Convertible Debentures due July 1, 2002
(the "9% Convertible Debentures") in the principal amount of $2,299,591. The Company was not in
compliance with a required interest coverage ratio of 2:1 (actual of -3.1:1). However, the holders of
the 9% Convertible Debentures have granted the Company a waiver effective through June 30,
1999. After that time, the Company will be required to be in compliance with the following financial
ratios, so long as the 9% Convertible Debentures remain outstanding: working capital of at least
$1,000,000; minimum shareholders' equity (net worth) that will be calculated based upon the
earnings of the Company and the consideration received by the Company from issuances of
securities by the Company; an interest coverage ratio of at least 2:1; and a current ratio at the end of
any fiscal quarter of at least 1.1:1. Interest on the 9% Convertible Debentures is paid by the
Company on a monthly basis. Monthly principal payments of approximately $20,000 are required
to be made by the Company beginning in July 1998 through July 2002. Management believes that
the fulfillment of the Company's plans and objectives will enable the Company to attain a sufficient
level of profitability to be in compliance with the financial ratios or alternatively, that the Company
will be able to obtain an extension or renewal of the waivers; however, there can be no assurance
that the Company will attain any such profitability, be in compliance with the financial ratios upon the
expiration of the waivers or be able to obtain an extension or renewal of the waivers. Any
acceleration under the 9% Convertible Debentures prior to their maturity on July 1, 2002 could
have a material adverse effect upon the Company."
What do you see in this company? I see profit margin has incresed and sales expense is down,but so are sales..
The above was from POOR's 10QSB filing.. enjoy the movie.. Kenny



To: Sergio H who wrote (5127)5/23/1998 9:31:00 PM
From: Sandra  Read Replies (4) | Respond to of 29382
 
Sergio,
Great DD!! Im glad that you find out what you do! I dont own dgit. I didnt trade at all Friday, just sat and watched the tick all afternoon....<took a nap to it too! >gg<> Noticed it go by many times, and now we know why. Wasnt INTAF convertible preferred too? Hmmm, I did well with it while it was going through that. Caught it at 1.87, still have some over 3.00...I took a shot on the volume, and price, it worked!
Ok, Thats it....spa time for me, with a margaritta, and a Bob Marley CD!......

Good Sunday all......
Sandra