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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: aerosappy who wrote (16221)	12/27/2002 4:10:26 PM
From: jim_p	Read Replies (1) of 206085

aero, The interest payment that is due, is on the publicly held bonds is it not? The only restructure in which the common shareholders would come out well is one that pays the public bond holders under the current terms of the debentures. There is no way you would ever get approval from the bonds to do anything outside of bankruptcy. The 30 day grace period is there more for logistic problems than credit problems. Most debentures have a trustee and the trustee is not authorized to modify any of the terms. Jim

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