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To: Sir Auric Goldfinger who wrote (3180)	11/17/2000 8:41:13 PM
From: RockyBalboa	Respond to of 3543

More on Schrader washingtonpost.com A Net Pioneer's Loan Plight By Dina ElBoghdady Washington Post Staff Writer Friday, November 17, 2000; Page E01 PSINet Chairman William L. Schrader, one of the early catalysts of the Washington area's Internet boom, is caught in a financial squeeze, prompting a bank to seize and begin selling his entire stake in the company. Schrader had pledged his 11 million shares as collateral for a $25 million personal line of credit at Bank of America. Although the stock sale is unrelated to PSINet's operations, the dramatic fall in the company's stock price--from about $60 in March to $2 yesterday--prompted the "margin call." The value of the shares that Schrader put up to secure the loan apparently fell below the amount he owed. Schrader could not be reached for comment. A spokesman for Ashburn-based PSINet had no comment beyond a printed announcement, which was released after the stock market close. According to documents filed with the Securities and Exchange Commission, Schrader owed $22.8 million of principal and interest on his credit line as of March, when the document was filed. Yesterday's announcement said the bank had begun the process of selling "some or all" of those shares. The forced stock sale is the latest twist in Schrader's personal travails as a fiercely independent chief executive whose company spent big and took on an enormous debt load to fund one of the world's largest networks for Internet traffic.

To: Sir Auric Goldfinger who wrote (3180)	11/23/2000 8:02:45 PM
From: RockyBalboa	Respond to of 3543

Tackt! Viatel Vice Chairman Sells Pledged Stock Under Margin Call biz.yahoo.com Wednesday November 22, 12:49 pm Eastern Time Press Release SOURCE: Viatel, Inc. NEW YORK, Nov. 22 /PRNewswire/ -- Viatel, Inc. (Nasdaq: VYTL - news) today announced that it has been advised by Alfred West, Vice Chairman of Viatel, that he was forced to sell 1.2 million shares of Viatel common stock to satisfy in full a margin call on an existing loan. Viatel, Inc. is the All Distance. All Services.(TM) telecommunications provider. The Company provides local and long-distance, voice and data, bandwidth and Web-centric solutions to end-users, including corporations, ISPs, ASPs and other carriers in Western Europe and North America. Furthermore, Viatel is the owner-operator-builder of a state-of-the-art global network that includes a multi-conduit, cross-border, fiber-optic network that will soon link 63 major cities in Western Europe. For more information about Viatel and the products and services that it offers, visit viatel.com. Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties detailed from time to time in Viatel's registration statements and reports filed with the Securities and Exchange Commission, including those contained in its 1999 Annual Report on Form 10-K. Viatel undertakes no duty to update such forward-looking statements. SOURCE: Viatel, Inc.