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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (4546)	7/8/2001 4:46:24 PM
From: Esway	Read Replies (1) \| Respond to of 5499

<NEW YORK (CBS.MW) -- The only way out of a near two-month trading range for U.S. stocks may be to break through the bottom to new lows for the year, and that could happen in coming days as investors brace for more profit warnings.>> ad.doubleclick.net

To: JakeStraw who wrote (4546)	7/8/2001 11:10:14 PM
From: BWAC	Read Replies (2) \| Respond to of 5499

Ok guys. So what do you think about this below? Do you reckon this is some goal of the WCOM sellers to hit the magic $10 number? Read in amazement, #5 especially: "ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS During 2000, WorldCom paid a total of $397,934 directly or indirectly to a corporation owned by Mr. Roberts which provided air transportation to Mr. Roberts and other WorldCom executives. Since September 2000, we agreed to loan up to $100 million to Mr. Ebbers. The loans are payable on demand and bear interest at a floating rate equal to that under our existing 364-day credit facility. As of March 30, 2001, the aggregate amount of indebtedness of Mr. Ebbers to us was $84.6 million, including accrued interest; the interest rate was 5.33% per annum as of that date. During that period, we also agreed to guarantee up to an aggregate of (1) $150 million principal amount of indebtedness, together with any related interest, owed from time to time by Mr. Ebbers to Bank of America, N.A. (the "Lender"); (2) all Additional Payments as referred to below, plus (3) all costs, including reasonable attorneys' fees, of collecting or enforcing the guaranty. The term "Additional Payments" means the following amounts otherwise payable to the Lender by Mr. Ebbers or certain companies controlled by him: (1) $36 million due and payable on June 30, 2001, unless an approximately $45.6 million letter of credit used to support financing to an unrelated third party (the "Letter of Credit") is cancelled and the Lender is reimbursed for all draws thereunder other than as a result of the liquidation of collateral by the Lender; (2) $25 million due and payable on September 30, 2001; (3) any amounts subject to a margin call with respect to certain margin debt (the "Margin Debt") which are due and payable on the following business day; (4) additional amounts depending upon the price at which our common stock closes; and (5) all of the Margin Debt (including interest, principal, fees and expenses) is due and payable on the business day following the first day on which our common stock closes at $10 per share or less, together with a cash payment or equivalent sufficient to fully collateralize the Letter of Credit. As of March 30, 2001, the Margin Debt aggregated approximately $183.7 million, including accrued interest, pursuant to various loans which become due and payable on or before January 31"