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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce -- Ignore unavailable to you. Want to Upgrade?

To: C. McD who wrote (2400)	11/13/1998 4:36:00 PM
From: C. McD	Respond to of 2752

Looks like Cam Design (CMDA) may affect capital resources for TSQD-3Q Let's hope TSQD has more luck with their 3,200,000 DRIV shares than they did with CMDA. As you can see from the 2-year chart: quote.yahoo.com 1998 2Q: TSQD's 144,000 shares of CMDA dropped from ~$6 to ~$1/32 over the last 2 years. I guess TSQD will take this as a loss, effectively (unless they sold earlier in the quarter). Here are the 2Q 1998 and 3Q 1997 references to CMDA. sec.yahoo.com 1997 3Q: The working capital includes $136,000 relating to its investment in Cam Design, Inc. ("Cam Design") which is valued at the closing market price on June 30, 1998. Of the Company's total shares of Cam Design stock, approximately 32% remained in escrow as of June 30, 1998, to secure payment of a note payable. The trading market for the Cam resigns shares may be limited and there can be no assurance that the Company will be able to realize a market value equal to or in excess of the value stated herein. The Company may have to bear the economic risk of the entire investment for an indefinite period. sec.yahoo.com The Company's working capital includes $502,000 relating to its investment in Cam Design, Inc. ("Cam Design") which is valued at the closing market price on September 30, 1997. As part of a settlement agreement, the Company is required to hold shares of Cam Design stock with an escrow agent. The number of escrowed shares will be adjusted downward and released from escrow as payments set forth in the agreement are made. Of the 144,000 total shares of Cam Design stock, 46,000 shares remained with the escrow agent as of September 30, 1997. The trading market for the Cam Designs shares may be limited and there can be no assurance that the Company will be able to realize a market value equal to or in excess of the value stated herein. The Company may have to bear the economic risk of the entire investment for an indefinite period.