IDT *(idtc) following this new issue?* Message Board

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Technology Stocks : IDT *(idtc) following this new issue?*

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To: nord who wrote (2010)	2/13/1999 10:16:00 AM
From: m33806	Read Replies (1) of 30916

A new twist. In re-reading the press release in regards to the consent solicitation it is obvious that the matter is urgent as the note holders only get 14 business days to mull it over. Second this hit me like a ton of bricks! “In addition, the proposed amendments are intended to facilitate IDT's ability to enter into a proposed credit facility with a group of financial institutions.....”. Just what else is the company up to require another credit facility? We have all been so focused on the spin-off/IPO that this has been overlooked. Why do they need more cash? Any ideas?

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