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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (4798)	1/18/1999 12:22:00 PM
From: TradeOfTheDay	Respond to of 122087

uh oh.... <IMON> (from S3 filed by CALP=The Company) . ImaginOn, organized in March, 1996, is engaged in the business of designing, selling and manufacturing: (i) consumer software products for the rapidly growing "infotainment" and "edutainment" CD/DVD-ROM markets; and (ii)Internet software. Since inception, ImaginOn has been engaged primarily in product development activities. Through June 30, 1998 ImaginOn has had no significant revenues and had a loss from operation of $946,512 and $930,754 for the year ended December 31, 1997 and six months ended June 30, 1998, respectively. No Inventories. The Company has liquidated its remaining inventory and, therefore, it does not maintain, nor does it intend to accumulate, an inventory of in-line skate, snowboard or hockey products. Working Capital Shortages and Operating Losses. Recently, the Company has generated significant operating losses and has failed to generate positive cash flow. As a result, the Company has, and continue to experience, shortages of working capital to fund day to day operations. ImaginOn also has generated significant operating losses and has failed to generate positive cash flow. The shortages of working capital and insufficient cash flow have, from time to time, prevented the Company from making prompt payment of current obligations. As a result, the Company is subject to numerous claims for collection of past due amounts and are past due on certain of its debt obligations. Limited Capitalization. The Company and ImaginOn have only limited financing available to it and is dependent on significant additional financing being available to continue as a going concern. edgar-online.com