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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (25375)	7/9/1998 10:22:00 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 95453

SOTB--I am watching. They have a lot of debt to service, and margins are going out the window. A buy @2 bucks? Asking 2.50 this minute, 313,000 vol. Capital loans, bearing interest at the lender's cost of funds plus 2.75%, payable in monthly principal installments of $141,205 ($201,750 Cdn) due February, September and November 2001. $ 5,268,900 $ 5,244,650 Equipment lease purchase contract, bearing interest at 20%, payable in monthly installments of $130,600 comprised of principal and interest, due May 1998 (see note 6). 1,388,637 -- Equipment lease, bearing interest at 9%, payable in quarterly installments of $196,290 comprised of principal and interest, due January 2001. 1,927,311 -- Equipment lease purchase contracts -- 5,082,543 ----------- ----------- 8,584,848 10,327,193 Less current portion (2,693,300) (6,580,703) ----------- ----------- $ 5,891,548 $ 3,746,490 =========== =========== venture-seismic.com