Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Brian1970 who wrote (1266)	4/22/1999 10:20:00 PM
From: zenker	Read Replies (1) \| Respond to of 4337

Steve: Any opinions on BIDS (Bid.Com)? Zenker

To: Brian1970 who wrote (1266)	4/22/1999 10:33:00 PM
From: Teddy	Read Replies (1) \| Respond to of 4337

Brian, maybe others on this thread are too polite to tell you, but shares of IVDO are not the paper they are printed on. edgar-online.com LIQUIDITY AND CAPITAL RESOURCES ... the sale of Series B Convertible Preferred Stock that raised $4,210,000 in new funds, as well as the exercise of $750,000 in Series A Convertible Preferred Warrants in 1998. Subsequent to December 31, 1998, the Company raised an additional $1,237,500 from the exercise of Series A Warrants in February 1999. Cash used in operating activities totaled $3,298,752 during the year ended December 31, 1998, as compared to $1,760,507 during 1997. The 87% increase was primarily a result of increased spending for labor, development, and sales and marketing. Cash used in investing activities during the year ended December 31, 1998, was $162,669 as compared to $85,367 for 1997. The increase of 91% was due to spending on computer and network equipment. The Company expects to have material capital expenditures for computer and network equipment in excess of $500,000 in 1999 as the Company adds employees and expands its software test lab and training capabilities. Cash flows provided by financing activities during the year ended December 31, 1998, were $5,653,010 as compared to $1,657,812 during the year ended December 31,1997. The 241% increase was due to the proceeds from the sale of Preferred Stock and additional convertible debt and proceeds from the exercise of warrants. IVT repaid $891,179 of debt in 1998. $500,000 of this amount was for the repayment of the line of credit from Imperial Bank. IVT was able to raise approximately $6.7 million of equity in 1998. This is comprised of $750,000 received from the exercise of warrants, $4.2 million in a private placement of preferred stock and $1.7 million in debt that was converted into equity by the end of 1998. Although the Company has been successful to date in raising funding to meet operating requirements, the Company will have to raise additional funding in the form of equity or debt to meet future operating requirements. IVT is exploring several funding options at this time. Any new funding raised may have a dilutive effect on the Company's existing shareholders. IVT makes no guarantees, representations, nor warranties that it will be successful in its efforts to raise adequate financing.