Technology Stocks : Breakaway Solutions Inc-(BWAY) -- Ignore unavailable to you. Want to Upgrade?

To: .Trev who wrote (118)1/22/2001 4:20:47 PM
From: John Finley  Read Replies (3) | Respond to of 178
From Walter Buckley CEO of ICGE on 1/12/01:

``This additional backing shows our ongoing belief in Breakaway Solutions and its FSP business model.''

Yep, $5M at 12% fully secured by substantially all of BWAY's assets AND warrants for 9,737,447 shares at 11/16. What a deal! Since I believe in the "FSP" model too maybe Brooks will cut me a similar deal? Oh, that's right, all of BWAY's assets are spoken for.

9.7M shares is dang close to the float. Sheesh! And they called attention to this with a PR??


Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.