Technology Stocks : SWMCF- Making a comeback this week.


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To: Kent Kuo who wrote (67)6/26/1996 8:29:00 PM
From: olduser of 278
 
As expected, SW sold Orion Burger today to EIDOS Interactive.

See www.prnewswire.com.

Was a waste of good news however, as the pressure
is now really on...

1. $191,000 loan payment due Friday.

2. Need $2 mil in the bank to be on NASDAQ,
otherwise its the pink sheets!

#1 isn't a problem, but #2 now looks like possible bad news.

As I've posted earlier, I've heard about a financing
deal, and it was probably sealed the day they made
the Strategic Partners deal. CEO would not have met
with the SEC Friday without at least a $2 mil deal in her
briefcase. I can only speculate that something went
wrong, otherwise there would have been an announcement
earlier this week. If the small-cap requirements
are not met by Friday and SW ends up on the pink sheets
next week, it would be a big flame on the CEO, who has
had over a month to get the paperwork straight.

However, if they make the financing announcement
and seal the SEC deal tomorrow or Friday,
the Money Train will depart a little late but still...
nonstop to $3!
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