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Gold/Mining/Energy : CANADA PAYPHONE - CPY(vse)
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To: MEAN DEAN who wrote (92)6/11/1997 11:16:00 AM
From: Richard Saunders   of 171
 
mean dean/ give the co. a call. It's my understanding that the trial is progressing well - the 6 month period ends mid 'Sept. The next "measurable moment" will be when the CRTC releases some sort of ground rules which will set the way for the phase in of full payphone competition. I also believe there's some sort of financing (convertible debenture?) for $7mil+ in the works which will be used to place payphone units into the marketplace as the field is opened to competition. As above, suggest you give co. a call (800)287-9334 and see what you can find out. I've found the guys helpful in the past and to date statements made have been accurate. Also understand that a TSE listing is being worked on and it's hoped that the stock will trade on the TSE this fall............. time'll tell. I hold a position.
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