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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Andrew H who wrote (3007)	3/22/1999 11:24:00 AM
From: Hawaii60	Respond to of 30916

As regards the bond consent. I have said a few times that either we have bond approval or, in the event that the bondholders were just too greedy, then we could expect that IDT would buy them out, or redeem all the bonds necessary. A hardball tactic, but one that may be necessary if the bondholders demand too much. The company could either use existing cash, or, in the event that that cash is earmarked for something else, then they would have to arrange a bridge credit facility. In either event under any of the above, it would take about 3-5 business days to complete the paperwork. Obviously if it is a credit facility, the corporate investor could be revealed to those people no problem as it would only help the companies position. If it is consent, they would not reveal, because the bondholders would want more. We should know soon. Either way, the next 10 days will be fun. Clearly the street knows something as evidenced by the stock movement today with the nasdaq down over 20 points at one point. All of this IMO and good luck to all.