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Technology Stocks : I-Link Inc (ILNK), VoIP Telephony
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To: Phatt Jake who wrote (277)11/18/1998 5:08:00 PM
From: Michael Paul Langley  Read Replies (1) of 417
 
Not on BB yet (Nasdaq small cap) Cash and cash equivalents as of June 30, 1998 is $930,176 for ILNK. Just because they are getting spoonfeed financing here and there doesn't mean you should let your guard down. They pay prime + 4% and give a liquidation preference to the creditors. Therefore they are essentially giving them a near riskless investment. They go backrupt and they get first dibs (they have 10 Million + in net tangible assets for liquidation). In the mean time they collect high interest payments and can convert to common at discounted rates if the stock does appreciate.
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