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As IMD was going to press, PC Quote had announced a $5 million cash infusion, but had not released the name of the investor. PC Quote said it had signed a letter of intent with a new investor to obtain a $5 million infusion of capital in exchange for new shares and warrants. In consideration for the $5 million, PC Quote will issue five million shares to the investor, subject to the vendor's right to repurchase four million shares at $1 per share upon completion of a rights offering planned for
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