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Technology Stocks : Trikon Technologies - TRKN
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To: Carl R. who wrote (458)10/10/1997 10:34:00 AM
From: davesd   of 926
 
Carl, the bank and the bond holders are between a rock and a hard place...TRKN has very little money and the inventory they have is pretty much worthless to anyone else.....so it seems if they try to force TRKN to pay up now....everybody will lose. I think TRKN has convinced the bank that things will turn around in 6 months or they will sell the company in 6 months.....so as long as they don't have to make the payments for 6 months they get to keep the cash.

I understand that they have to pay it after 180 days, question is, can they spend it or do they have to save it for payment in 180 days when things may be a little better (at least they think they will be better).

dave
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