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 : shopping.com (IBUY) -- Ignore unavailable to you. Want to Upgrade?


To: Arcane Lore who wrote (292)12/21/1998 10:59:00 AM
From: afrayem onigwecher  Read Replies (1) | Respond to of 435
 
I see nothing in the NT-10Q that states the company anticipates they can meet the conditions. If I've missed it, please post it here.. <> The Company anticipates that if it can satisfy the conditions to the funding of the Private Equity Line of Common Stock & Warrants it will have sufficient cash flow to sustain operations for the fiscal year ending January 31, 2000.<> !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

freeedgar.com.



To: Arcane Lore who wrote (292)12/21/1998 11:27:00 AM
From: afrayem onigwecher  Read Replies (1) | Respond to of 435
 
Condition A (or conceivably a more stringent version of that condition) would almost certainly be one of the conditions. However, since they already are on the otcbb there would be no need for the section of the NT-10Q that I quoted if that were the only condition. Unless you are in receipt of inside information (or there has been a news release or Edgar filing I'm unaware of) neither of us knows the exact conditions for the funding. In the meantime it certainly appears to me that the OC register is both factual (subject to the highly reasonable assumption that some of the conditions pertain to IBUY's financial status) and balanced.

From other deals that SWARTZ Institutional Finance ( they do aprox. $1b in business) we can have an idea the structure......... ------------------------------------- 1) the stock Shall be tradiing------------
---------------------------------------- 2) Notice prior to each Draw --------------
--------------------------------- ----- 3) A registration statement is filled

Best Regards