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Strategies & Market Trends : Three Amigos Stock Thread

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To: Galirayo who wrote (21995)	11/10/2000 8:00:28 PM
From: Ken W	Read Replies (2) of 29382

Ray and Joe: Here is part of the reason that the stock is not trading higher. From the S3 filed on Sept. 14 We have substantial debt and debt service requirements. Large Amount of Debt We have substantial debt and debt service requirements. As of June 30, 2000, our ratio of total debt to total capitalization was approximately 63%. Consequences of Debt Our substantial debt will have important consequences, including: o a substantial portion of our cash flow from operations will be required to make debt service payments, o our ability to borrow additional amounts for working capital, capital expenditures (including acquisitions) or other purposes will be limited, and o our debt could limit our ability to capitalize on significant business opportunities, our flexibility in planning for or reacting to market conditions and our ability to withstand competitive pressures and economic downturns. Damn, not all of it pasted. They also have 7.5MM shares that convert to over 12MM of common and are registered to sell in the open market.

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