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Technology Stocks : 360Networks - TSX - TSIX -- Ignore unavailable to you. Want to Upgrade?

To: hdl who wrote (359)	6/27/2001 5:50:36 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 449

something cooks up at TSIX. I hear they lay off people at the london offices in order to preserve cash. Engineers doubt the viability of a take under deal though, but consider the 3% the EUR bonds are offered now an interesting speculation. With the bond debt valued at far less than $100M, a cancellation of the existing equity and conversion of the bonds into new equity would definitely help. it appears that TSIX itself is restricted from buying back the bond but an entity affiliated with Ledcor could do it.