Aahh...iNEXTV (AXC) The NEXT Thing! Message Board

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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!

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To: Carol M. Morse who wrote (3852)	6/2/2001 5:55:24 PM
From: bootsup1	Read Replies (1) of 4169

Well...will the short term debt holders foreclose on the Colorado Property if it is not sold to pay off the 8 million bridge loan? If it is not sold now, June 2, I wouldn't expect them to get an escrow closed on such an amount in 90 days....and if they do foreclose will they kick ADS out? I am simply quite ill after reading Carol's post. Just what is EB thinking? Perhaps Sherbourne will pay off the bridge and carry the paper until the property is sold? In order for this company to survive it needs that JV strategic investor/partner for sure it appears. And w/the 03 timeline for the ltd...of course the sale of ADS...With such a timeline there is however room for a more robust equity and bond marketplace and a better chance the sale will in fact occur....One heck of good job of salesmanship is required here. I hope Mr. B and staff are up to it for all our sakes....and theirs. I am simply ill that I let my feelings for the "old Ampex" influence me in my decision to put sacrosanct funds into such a speculative investment. Was there not one iota of the positive at the meeting?

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