SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ocom breakthrough technology -- Ignore unavailable to you. Want to Upgrade?


To: oki kwon who wrote (513)7/17/1998 3:21:00 PM
From: mod  Respond to of 994
 
<<Dennis,do you think ocom will finish product this Q as Rogers said in press release? This financing looks to me emergency loan to get through till they complete the product. Looks like they wants to payoff in 90 days when they receive money for inventory.>>

oki,

I believe you are correct in your interpretation of the deal. It is obviously structured in the expectation that OCOM will get paid for their shipments before October 6, and use that money to redeem the convertibles. Will they finish the product in time? We'll have to wait and see.

Dennis