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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: jonpeetee who wrote (6535)	2/10/2002 6:47:57 PM
From: Al Collard	Respond to of 11802

Hi JPT, Your in with TSX-t @$.13 for 76,923 shares. Chart for 360networks, Inc: stockcharts.com[h,a]daclyiay[pc20!b50][vc60][iLa12,26,9!Ll14]&pref=G From the chart of TSX we can see the stock has fallen on tough times trading under all it's major MA's. The chart indicators are bearish showing no turn around signs. Good luck with this pick, Al

To: jonpeetee who wrote (6535)	2/11/2002 9:43:46 AM
From: Al Collard	Read Replies (3) \| Respond to of 11802

TSX-t...in the news: Van Sun says 360 parent Ledcor exits debt obligation Mon 11 Feb 2002 The Vancouver Sun reports in its Saturday edition that insolvent 360networks has done a deal to assume full control of the company that owns and operates its Canadian fibre optic network in exchange for cancelling a debt owed by its major shareholder, Ledcor Group. The unbylined item says 360networks will acquire the control block of Urbanlink Holdings Ltd. from the Worldwide Fibre Holdings subsidiary of Ledcor Group, the construction company that spun off 360networks into a publicly traded outfit two years ago. It will then cancel an $82.3-million (U.S.) note, wiping out Ledcor's indebtedness to 360networks. The deal also grants 360networks an option to buy back up to 62 million of its shares now owned by Ledcor's Worldwide Fibre unit. Jimmy Byrd, chief operating officer, said: "This is an important agreement because the network assets of Urbanlink are an integral component of our company's operations and reorganization efforts. We look forward to welcoming the Urbanlink team back to 360networks and to integrating their network assets with our existing operations." 360networks operates a 36,000-kilometre-long fibre optic network in the United States and Canada.

To: jonpeetee who wrote (6535)	2/14/2002 9:16:38 AM
From: Al Collard	Respond to of 11802

TSX-t...in the news: Globe says court gives 360networks document deadline Thu 14 Feb 2002 The Globe and Mail reports in its Thursday edition that a U.S. bankruptcy court has given 360networks two more weeks to address creditor concerns over payments the company made to its parent and other insiders before it filed for bankruptcy protection last year. The Globe's Peter Kennedy writes that 360networks has disclosed in court documents that a $4.1-million payment was made to Ledcor Industries 90 days before 360networks was forced to seek court protection from creditors in the United States and Canada in June, 2001. Unsecured creditors in the U.S. want information on payments to Ledcor and other insiders in the 12-month period before it filed for bankruptcy protection. Norman Kinel, a lawyer acting for unsecured U.S. creditors, said he is not alleging any preferential payments were made to Ledcor, but he wants to examine documents and to determine the reasons for any payments. 360networks spokeswoman Michelle Gagne said U.S. creditors do not have the authority to ask for documents relating to transactions that occurred in Canada. U.S. creditors are owed at least $243-million (U.S.). The court wants the two sides to agree on how much information should be provided.