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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (51062)	6/28/2001 8:55:08 PM
From: Vitalsigns	Read Replies (2) \| Respond to of 62348

360networks (NASDAQ: TSIX and TSE: TSX) offers optical network services to telecommunications and data-centric organizations. The company's fiber optic network connects more than 50 major cities in North America, Europe and South America with terrestrial segments and undersea cables. As of March 31, 2001, 360networks had total assets of $6.3 billion and total liabilities of $3.6 billion. Currently, the company has $1.2 billion of senior secured bank debt and $1.45 billion, represented by unsecured Senior Notes. The company's cash revenue was $644 million in 2000 and $274 million in the first quarter of 2001. Seems to me , the Bond holders and secured debt holders would get paid, nothing for commons I think. If Nt Financed the equipment then they would have had a clause securing the loans in case of default. Maybe I missed something here, but it appears to me NT will get something , maybe not $1 for $1 but it appears that $0.60-$0.80 on the $1 seems possible. And by the looks of it, TSX plans on continuing operations, hampered mind you , but they are planning on clompleting the projects . This will take a while to unfold . Vitalsigns