Replies to post #585 on Spectra7 Microsystems Inc (SEV)

[prototype_101]

Steve, S7 is looking for financing with the patents as collateral

Spectra7 Engages Ocean Tomo to Lead Patent Based Financing
SAN JOSE, Calif.

Announces Receipt of Multi-Million (USD) Term Sheet

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153306977

excerpt>

Term Sheet

Spectra7 announced that it has received a multi-million USD non binding term sheet, which was brokered by Ocean Tomo. Closing of this transaction is subject to various conditions precedent including entering into legally binding documentation and satisfactory due diligence, and is expected to close this quarter.

Additionally, Ocean Tomo is engaging with a number of asset based lenders (ABL) to complete the recapitalization of Spectra7.

Steve, looks to me like S7 has gotten a preliminary deal/deals worked up, and we are waiting for the finalization now, when this is done it looks like plenty of greener pastures ahead for us cows

Mooooooo Mooooooo Moooooo