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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: BONZ who wrote (9325)	11/16/1998 3:46:00 PM
From: MB	Respond to of 10903

Alan/Bonz - All of the insider shares for TPI are held at both Joter and Diversified Technologies. Collectively, TPI management has sold 397,595 shares. Add up both Joter's and Diversified's for both periods and subtract, you'll get the 397,595 difference.

To: BONZ who wrote (9325)	11/16/1998 4:08:00 PM
From: Alan Coccio	Read Replies (1) \| Respond to of 10903

Yeah, I was using the numbers that MB posted. However, here are the actual before and after numbers taken from the SEC filings: SOLD BEFORE AFTER Mighton -267,000 (1,633,683-1,466,684) McGann -107,000 (1,633,684-1,526,684) McGee - 20,000 (1,000,000-980,000) ====================================== Total -394,000 Additionally, each sold 100,000 shares of their holdings in DTL (the offshore thing) bringing total sold to 694,000 shares. Alan

To: BONZ who wrote (9325)	11/16/1998 10:29:00 PM
From: Jeffrey S. Mitchell	Read Replies (5) \| Respond to of 10903

According to the 10K: LIQUIDITY AND CAPITAL RESOURCES The Company has funded its activities during the Development Period primarily from the net proceeds of private placements of its securities and, to a lesser extent, from cash flow from operations and the proceeds of two bank loans. The outstanding principal balance of the loans was approximately $1,300,000 at July 31, 1998, and the loans bear interest at an annual rate equal to 2.5% over the bank prime rate of interest ( the current Canadian Prime rate is 7.5%, therefore the Company is paying interest at the rate of 10%) in effect from time to time. Repayment of the loans, together with interest thereon, is secured by a lien on substantially all of the assets of the Company and the Company's executive officers and directors guarantee repayment of the loans... ...At July 31, 1998, the Company had a deficit accumulated during the Development Period of $7,085,089, current assets of $589,930, total liabilities of $1,699,649 and available cash of $150,687. ===== OK, I'm not an accountant, but wouldn't the cash from the loan show up in the bank if it were still available? I only see $150K in available cash. Assuming the loan wasn't yet accounted for in the filing (is this possible?), the loan is still at least 3.5 months ago. Based on TPII's run rate of $360K per month ($4,327,866/12), that would mean the loan would cover 3.6 months worth of expenses. I guess what I'm wondering is how you can tell from a 10K how long a company can afford to keep its doors open assuming they continue to operate at status quo? Thanks. - Jeff