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Technology Stocks : 360Networks - TSX - TSIX

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To: hdl who wrote (349)	6/23/2001 11:35:25 AM
From: James Calladine	Read Replies (1) of 449

Yes, I understand that 2,3,4 cents=low single digits. However, I like to differentiate between: -- giving -- speculating -- investing and if I am going to be giving, I already have my favorite charities. If I am going to be speculating I like to be able to be able to at least guess my chance of this coming out beneficially: 1/10 ? 1/100 ? 1/1000 ? 1/1,000,000 ? What odds would you guess that, say, 3 cents on the dollar represents? I would say it is much less than 3 chances out of 100, because it is so close to 0 cents on the dollar. Why do you think the bondholders are so pessimistic? Is there no network there? Are there no customers? Are there no fixed assets? Are the fixed assets worthless? The normal "guesstimation" approach suggests that this enterprise should have a value on that basis far higher than "low single digits" on the dollar of bondholdings. Therefore: 1) are the selling bondholders totally stupid? 2) or do they know much more than we do? Namaste! Jim

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