Hallo Odin1000!

> Na was meinste zu Echo Bay. Sind sehr verschuldet!! Haben schon seit 2
> Jahren mit Zinszahlungen ausgesetzt. Wird dann irgendwann in Aktien bezahlt.
> Hatte das bei Martin Sigel gelesen.
Stimmt! Die Mine ist ein heißes Papier. Entweder sie geht Konkurs oder sie erholt sich. Die Zinszahlungen sind ausgesetzt.

Aus dem Quartalsreport vom 30. September 2000:

In March 1997, the Company issued $100.0 million of 11% capital securities due 2027 (see note 6 to the interim consolidated financial statements). The Company has the right to defer interest payments on the capital securities for up to 10 consecutive semi-annual periods. During a period of interest deferral, interest accrues at a rate of 12% per annum, compounded semi-annually on the full principal amount and deferred interest. The Company, at its option, may satisfy its deferred interest obligation by delivering common shares to the indenture trustee for sale, the proceeds of which would be remitted to the holders of the securities in payment of the deferred interest. The Company has exercised its right to defer interest payments since April 1998. The Company has deferred a total of $41.9 million in interest to date.

Tschüßl
<font color="#0000FF"> Sascha </font>

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