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Technology Stocks : Spectrum Signal Processing (SSPI)

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To: nord who wrote (2524)5/18/1999 9:04:00 PM
From: Edwin S. Fujinaka  Read Replies (3) of 4400
 
That TPC Press Release is a matter of some concern to me as a SSPI Shareholder. The grandiose comments by the Minister of Fisheries and Oceans sound a lot like Al Gore or Bill Clinton or I guess most politicians. It appears that Spectrum is committed to doubling it's current workforce with borrowed money. If they hire 183 new people with the $6.3 Million loan, I hope they have a plan. Do we have any idea what that plan might be? Please don't get mad at me for making these comments, but I am open to constructive comments based on any real information that anyone may have. This money has to be repaid if I read the Press Release correctly. Is there any interest due or is it a very low interest rate? Does SSPI have access to conventional bank financing? I hope that I am not being overly pessimistic...
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