Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?

To: Author51 who wrote (2169)	7/10/1998 5:28:00 PM
From: Ellen	Read Replies (1) \| Respond to of 3817

Thanks for clearing that up John. As said before, the "draw down" was posted before. Somebody just "forgot" about it. <G> Think we've all seen the shorting that's been going on. They'll be sorry...:-)

To: Author51 who wrote (2169)	7/10/1998 5:51:00 PM
From: Ditchdigger	Respond to of 3817

<.The ONLY financing arrangement admitted to is a "draw down"..> Well the last time (and only time) I have seen that expression used is from a NTAH press release describing a convertible credit line. " Nevtah continues negotiations with several major European Institutions for convertible line of credit. The company expects to complete an agreement that will include a ''draw down'' arrangement that will trigger conversion under certain conditions and terms at the time funds are released." I'm not sure what they are telling you,could you please elaborate?..DD

To: Author51 who wrote (2169)	7/10/1998 5:58:00 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 3817

John,could these "convertible credit" lenders be shorting against the box and covering with shares from the conversion of credit? It would explain the high volume...later suppertime..DD PS: remember they are most likely Europeans covered by safe harbour Is there time to call the TA? Could you post the number? TIA-last I knew outstanding was at 19M

To: Author51 who wrote (2169)	7/11/1998 1:13:00 AM
From: Ellen	Read Replies (1) \| Respond to of 3817

Thanks for posting this and keeping the thread informed. Glad to have it re-stated that there is no convertible debenture financing.

To: Author51 who wrote (2169)	7/11/1998 4:07:00 PM
From: Ditchdigger	Read Replies (3) \| Respond to of 3817

You posted " The "share dumping" as far as I can tell...And I talked to Canyon today....Is MM shorting....There is no, at least no one has any knowledge of, any convertible debenture financing....The ONLY financing arrangement admitted to is a "draw down"".... John,you now have me confused...please explain what you meant by this statement..And from your last post and NTAH PR "The company expects to complete an agreement that will include a ''draw down''arrangement that will trigger conversion under certain conditions and terms at the time funds are released.That sounds like the basic description of "draw down" from what your saying it appears they already have some of this type of financing in place..Convertible debt financing.TIA DD PS: you know what they say,"a bad day of fishing is better than a good day at work"