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

To: Al Collard who wrote (6559)	2/11/2002 10:08:34 AM
From: vds4	Respond to of 11802

1000 shares trade and ntt has a bid/ask of .04/.07 may not work in life but that pick kicks in games like this one. wow. m

To: Al Collard who wrote (6559)	2/11/2002 10:12:46 AM
From: vds4	Respond to of 11802

by the way... gold getting pummelled this morning on the tse: tse.com

To: Al Collard who wrote (6559)	2/11/2002 10:55:45 AM
From: Al Collard	Read Replies (1) \| Respond to of 11802

BI-t...in the news: Bell Canada completes Telecom Americas reorganization Mon 11 Feb 2002 News Release Mr. Bill Anderson reports BCI: REORGANIZATION OF TELECOM AMERICAS COMPLETED AND CAPITAL ... Bell Canada International (BCI) has closed the plan to reorganize its Latin American joint venture, Telecom Americas Ltd., into a company focused on the Brazilian mobile wireless market. As part of the reorganization, BCI with its partners in Telecom Americas, America Movil S.A. de C.V., of Mexico and Texas-based SBC International, Inc., have completed the following transactions: Telecom Americas transferred its 77.1-per-cent interest in Communicacion Celular S.A. -- Comcel S.A. to America Movil; America Movil transferred cash of $80-million (U.S.) and its 41-per-cent interest in Algar Telecom Leste S.A. (ATL) to Telecom Americas; Telecom Americas distributed its 75.6-per-cent interest in Canbras Communications Corp. to BCI; Telecom Americas will distribute its 60-per-cent interest in Techtel-LMDS Communicaciones Interativas, S.A. to America Movil upon receipt of regulatory approvals; and Telecom Americas distributed its interest in Genesis Telecom C.A. equally to BCI and America Movil. As part of this reorganization, originally reported in Stockwatch Dec. 3, 2001, Telecom Americas has secured capital contributions from its principal shareholders, America Movil and BCI, in the amount of $240-million (U.S.), which is being provided in proportion to their current ownership interests in Telecom Americas. Additional capital resources in the amount of $120-million (U.S.) were committed in the form of a shareholder loan that is repayable in June, 2004, in common shares of Telecom Americas. The above resources will be used primarily to make the 2002 Tess notes payment due in April and to finance operating requirements, including capital expenditures. Telecom Americas also concluded a number of financing arrangements which have allowed it to refinance and extend the average life of some of its existing debt. BCI's chairman and chief executive officer, Bill Anderson, stated: "While we will continue to focus on improving Telecom Americas balance sheet, the completion of the reorganization and the funding that we have announced today allows Telecom Americas to enter 2002 focused on growing its existing operations in the Brazilian wireless market. We look forward to a year of continued subscriber and revenue growth at Telecom Americas, and improved profitability." BCI, through Telecom Americas, owns and operates four Brazilian B-band cellular companies serving more than 4.3 million subscribers in territories of Brazil with a population of approximately 60 million. BCI outlook for the full year of 2002 BCI provides the following guidance with respect to some of its key consolidated financial and operating targets for the year 2002. (in millions of dollars) 2001 2002 Actuals Targets Revenues $374 $500-550 EBITDA 58 110-130 Capital expenditures 103 130-140 Total Telecom Americas subscribers (millions) 4.3 5.0-5.3 These targets are based on various assumptions, including assumptions about economic conditions, foreign exchange rates, competitive situation and regulation. Actual results may vary significantly.