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Gold/Mining/Energy : Unitec Int. Controls Inc. -- Ignore unavailable to you. Want to Upgrade?

To: John B. Smyth who wrote (593)11/4/1998 6:15:00 AM
From: Bobby Yellin  Respond to of 856
 
thanks John for working so hard and maintaining my faith in you..
a patient shareholder
bobby



To: John B. Smyth who wrote (593)11/4/1998 10:05:00 AM
From: canadian crude  Read Replies (2) | Respond to of 856
 
Hi John
A few points of interest to me:

1) what effective rate of interest are you paying SOCO on the loan & debenture.
2) will the debt/debenture servicing cost(s) move UIC to negative earnings in the next quarters(s).
3) when have you projected the new division to become self-funding?

It seems that SOCO has confidence in UIC, however, I am concerned about what this added debt load will do to UIC over the next few quarters.

Regards, MGS


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