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

To: M. Frank Greiffenstein who wrote (2408)	11/16/1998 7:23:00 PM
From: C. McD	Read Replies (1) \| Respond to of 2752

So, TSQD no longer has a cash problem? I'm confused. Where did you get that TSQD sold DRIV shares? Sorry if I just missed it, I see that ownership was reduced to 19% when the IPO was issued (nothing new). The PR has different information than the 10-Q filed with SEC. The SEC filing (which I posted earlier) does not mention DRIV being on the balance sheet, or anything about selling DRIV shares. What this PR says to me is: 1) Net Direct is going well, but will account for losses (as stated in previous 10-Q), 2) TSQD lost ~$270K due to Cam Designs when it went under Oct. 21 (which was an anticipated risk in every earnings statement for the last two years), 3) This is the most affirmative statement ever by TSQD regarding their option for DRIV shares. They are saying that they have $28,000,000 on their balance sheet reflecting the DRIV shares (at the price of $8.75). That amount is about $38,000,000 at DRIV's present price. 4) TSQD's DRIV shares not only eliminate the possibility that it will run out off cash anytime in the foreseeable future, but they're saying the capital value alone of TSQD is about $3 1/2 per share! TSQD has good credit, a $500,000 promise loan from Ronning if they need it, $38M in capital reserves, and a business plan that may put them out ahead with NetDirect in the emerging high end internet hardware/software market. As long as TSQD has the DRIV option, I don't see how TSQD can be on the verge of running out of cash? Please help me if I'm missing something. I know only what I've read, and I can't find any signs of imminent doom for TSQD. In fact, the PR's mention of DRIV being on the balance sheets is the most positive sign I've gotten from TSQD since I've been following the company.