Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Andrew H who wrote (10897)	7/8/1999 7:15:00 PM
From: Tony Lagana	Read Replies (1) \| Respond to of 30916

From 1998 Annual Report: sec.gov Great reporting HG, it must take years of Journalistic studies to discover something that was reported in their Annual Report << As of July 31, 1998, the Company had made loans and advances in the aggregate amount of approximately $24.4 million to other telecommunications and Internet companies to help establish strategic relationships and facilitate penetration into key markets. The Company may be a party to similar transactions in the future. In May 1998, the Company entered into an agreement with a telecommunications company, Lermer Overseas Telecommunications, Inc. ("Lermer"), pursuant to which the Company provided Lermer with a $25 million credit facility (the "Facility"). Loans can be drawn on the Facility through May 1999 and cannot be 39 <PAGE> reborrowed upon repayment. The Facility bears interest at the rate of 5% per annum. The unpaid principal and accrued interest on the Facility are payable in quarterly installments, as defined in the agreement, commencing on February 1, 1999; this date may be delayed under certain circumstances. The Facility must be fully repaid by April 30, 2004. As of October 1, 1998, the outstanding principal balance on the Facility was approximately $12,600,000.>>