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To: Q. who wrote (131)2/18/1999 7:11:00 PM
From: TheLineMan  Respond to of 360
 
I was thinking Comdisco might be involved in the loan agreement somehow. I should they would have to file something more specific the SEC - concerning the loan - no?



To: Q. who wrote (131)2/18/1999 7:18:00 PM
From: Bruce A. Thompson  Respond to of 360
 
John,

This loan is looking curiouser and curiouser. You are right about banks not loaning money to obvious negative cash flows. Also, the most recent PR's indicate that insiders are selling shares without filing 144's. This company can't sell their product without buying a substantial portion of the purchaser or issuing large warrant blocks of their own stock to help purchasers obtain financing. How in the hell are they going to get what is in effect a signature loan at 1/4 over Prime? At their burn rate, this money won't last until Tax Day. Monday, the short interest report comes out for Feb. I bet it will be a hum-dinger. This just stinks!

BT