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Re: Madhatter post# 11078

Saturday, 08/18/2001 9:33:01 AM

Saturday, August 18, 2001 9:33:01 AM

Post# of 15369
Madhat, it has already been stated that the PP was wrote up and signed awhile ago, but the money is not being put in all at once. Rich stated on a couple occasions that this time around others have put their money in first. The PP sounds to me like a backup plan to keep cash in SeaView if sales dollars don't come in fast enough on a net 90 basis. I am not an expert here and a guessing from what I have read on the board, but it seems like the PP was setup to supply small amounts of cash on a need basis if necessary.

JMHO, Adam Jordan

JMHO, Adam Jordan
Chief Engineer
SeaView Video Technology
www.seaview.com