Telepanel Systems - TLS Message Board

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Gold/Mining/Energy : Telepanel Systems - TLS

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To: J Stone who wrote (669)	11/10/1999 12:01:00 PM
From: waitwatchwander	Read Replies (1) of 948

Here's some interesting numbers. Payments on the remaining matured debt ($110?) million starts next year. At +13% they will need over a million per month in real cash just to cover debt payments. As of June, they had $56m in the bank. They are burning $1m per month to operate and also will need substantial capital to continue manufacturing for ESL's-to-Go. Without a big installation, will they have enuff cash to last more than 2 or 3 quarters after the kick in of debt payments? The big kicker could well be their Rent-to-Go Tornado Dive. Under that scenario, a big installation means both getting The Big Order and installing The ESL's toot sweet. It has been a tough business for everyone in this game. Just the other day, I got a note that Pricer had recently completed it's capital reorg and it looks like they're in just as bad shape as the North American Challengers. The bleeding continues and we patiently await our next transfusion! Trevor

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