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.

Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: bugssy who wrote (11371)	10/13/1999 3:18:00 PM
From: SwampDogg	Read Replies (2) \| Respond to of 36688

Looking at the last quarterly statement...they are in financial doo doo. What are you looking at?

To: bugssy who wrote (11371)	10/13/1999 3:24:00 PM
From: SwampDogg	Read Replies (1) \| Respond to of 36688

Their balance sheet is terrible...$80 million of their assets are capital equiptment...only $3 million in cash...mega ST and LT debt... From the last Quarterly... "As previously reported, the severe cash shortages faced by the Company during the first part of the second quarter resulted, on May 14, 1999, in Hurricane and its wholly owned subsidiary, Hurricane Overseas Services Inc., filing for and being granted protection from their creditors under the Companies' Creditors Arrangement Act ("CCAA"). As referred to in Hurricane's news release dated August 27, 1999, the original CCAA Order has now been extended to September 20, 1999. The CCAA Order gives the Company the opportunity to implement its restructuring plan and stays all legal proceedings for that period of time."