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March 16, 1987

SHAREDATA IN LINE FOR $2.5m INVESTMENT

By CBR Staff Writer

Sharedata Inc, developing low-cost peripherals and software for Commodore, Apple, Atari and IBM home computers in Chandler, Arizona has a letter of intent with an investment banking firm for finance of up to $2.5m. The investing firm gets a seat on the board and wants Sharedata to effect a one-for-four reverse split of its common stock; the move, if approved by shareholders, will represent the final phase of restructuring of the firm’s equity.

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