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Technology Stocks : 360Networks - TSX - TSIX
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To: rajaggs who wrote (263)5/27/2001 2:38:54 PM
From: James Calladine   of 449
 
THE ISSUES:

As far as I am concerned, from the standpoint of a common shareholder, the chief questions are:

1) Worst case, when will market conditions improve
significantly from the present?

2) What funding will it take to get the company to that
time and place?

3) How will that be achieved?

4) What is the fallback position if the plans don't work
out?

I definitely have no real sense of the answers to these questions, but I am hoping that the management does.

Since my original post on the subject, I have taken the plunge and established a MASSIVE position of 1k shares @
$1.20 You can tell from this that I am still pretty skittish about the outcome. I know I "should" be buying
50k shares, but I can't afford to lose that.

I have already had experience in buying commons of "troubled" technology companies and finding that yes, they did continue, and even went on to greater glory, but via the
route of:

1) new corporate entity buying the assets
2) debtholders converting their debt in the old company
for equity in the new company
3) original common shareholder certificates in the original
company converted to backup supply of toilet paper

Now I know that we don't think that such a thing could happen with TSIX, and I hope it doesn't. But it is a
possibility.

Namaste!

Jim
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