SOTB--I am watching. They have a lot of debt to service, and margins are going out the window. A buy @2 bucks? Asking 2.50 this minute, 313,000 vol.
Capital loans, bearing interest at the lender's cost
of funds plus 2.75%, payable in monthly principal
installments of $141,205 ($201,750 Cdn) due February,
September and November 2001. $ 5,268,900 $ 5,244,650
Equipment lease purchase contract, bearing interest at 20%, payable in monthly installments of $130,600 comprised of
principal and interest, due May 1998
(see note 6). 1,388,637 --
Equipment lease, bearing interest at 9%, payable in quarterly installments of $196,290 comprised of
principal and interest, due January 2001. 1,927,311 --
Equipment lease purchase contracts -- 5,082,543
----------- -----------
8,584,848 10,327,193
Less current portion (2,693,300) (6,580,703)
----------- -----------
$ 5,891,548 $ 3,746,490
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