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QBID- RCN to receive $310 Million in new Funding $$$$$$$$$$
"Deutsche Bank Securities Inc. committed to provide RCN with new financing upon the consummation of the plan of reorganization"...In other words...RCN aint going nowhere...lol 7/21/2004 12:54:54 PM
The Company also announced that it has entered into a commitmentletter with Deutsche Bank Securities Inc. ("Deutsche Bank") pursuant to whichDeutsche Bank has committed to provide the Company with new financing upon theconsummation of the plan of reorganization. The new financing will consist of(i) a $310 million first lien facility, including a $285 million term loanfacility and a $25 million letter of credit facility, and (ii) a $150 millionsecond lien facility. Each of the facilities will be guaranteed by all ofRCN's wholly owned domestic subsidiaries and secured by substantially all theassets of RCN and its wholly owned domestic subsidiaries. Each of thefacilities will contain prepayment provisions, covenants and events of defaultcustomary for facilities of this nature. Closing and funding for each of thefacilities is subject to satisfaction of customary conditions precedent forfacilities of this nature. In addition, the financing to be provided byDeutsche Bank is subject to material conditions including consummation of aplan of reorganization, no material adverse effect on the business,operations, financing or finances of RCN and its subsidiaries, no materialchange in market conditions or on the ability of Deutsche Bank to syndicatethe new financing and the achievement of certain financial performancecriteria. It is anticipated that each of the facilities will be funded intoescrow following completion of syndication. Once the funds are escrowed,certain conditions to closing (including those related to a material adverseeffect on RCN Corporation and syndication) will no longer be applicable. Thefunds will be released from escrow upon satisfaction of the remainingconditions, including consummation of the bankruptcy plan."
Classic Pump and Dump...eom
USCI...buy before end of day...imo...eom
USCI...buy before end of day...imo...eom
Buy....imo...eom
There it is...ya see it......eom
PNTH/p...maybe coming back to life...eom
QBID Now...eom
QBID Now...eom
Well, I'm not going to have my life threatend over some pennystock. So if noone is interested in what I have to say I'll fade away. Just remember that there are people who are not what they claim. I'll just do like Ronald Reagan did and fade into the sunset. Bye all.
I can't even express it without you or Dallas consoring me.
push,
I saw that but basicly if you have a counter opinion or want or question something you're consored here. If you have a counter opinion to what some dj says on IBC radio you're banned as well.
Stop the censorship on the IBCS IHUB Board...eom
Jim, Janice et all,
Everyone is missing the entire point here. A corporate entity has a Fiduciary Duty to their shareholders. It does not matter if it's a pink sheet company or not nor does it matter if they file as a pink sheet company.
shue, If Frank is looking at Hedge funding then he is telling everyone that a buyout will occur of current shareholders and that he will IPO QTelevision at a subsequent date...bye all...eom
OT:Sterling Partners is a multifaceted private equity firm focusing on buyouts, venture capital and real estate. Having managed more than $700 million since its founding in 1983 and with a team of more than 20 professionals, Sterling Partners has a strong track record of making sound investments that yield excellent returns. Sterling Partners continually strive for excellence in all aspects of our business - from the quality of each transaction to the breadth and depth of financial, legal, human resources, tax, strategic planning and operations skills available to our team and to the companies in which we invest.
Sterling Partners began in 1983 with the belief that a compelling idea could become a great business. The firm's founders saw enormous potential in an emerging information technology that could store hundreds of pages of medical information on a credit card-sized piece of plastic. Out of this technology, the foursome built a multimillion dollar business - LifeCard International - that was sold to a major insurance company in 1985. With the success of LifeCard, Sterling Partners was born.
Sterling Partners was founded on the combination of ideas and the people who know how to make them realities. Sterling continues that tradition through a disciplined investment focus in each of its three funds: Sterling Capital Partners, Sterling Venture Partners and Sterling Real Estate Partners.
http://www.sterlingcap.com/
Sterling Partners is a multifaceted private equity firm focusing on buyouts, venture capital and real estate. Having managed more than $700 million since its founding in 1983 and with a team of more than 20 professionals, Sterling Partners has a strong track record of making sound investments that yield excellent returns. Sterling Partners continually strive for excellence in all aspects of our business - from the quality of each transaction to the breadth and depth of financial, legal, human resources, tax, strategic planning and operations skills available to our team and to the companies in which we invest.
Sterling Partners began in 1983 with the belief that a compelling idea could become a great business. The firm's founders saw enormous potential in an emerging information technology that could store hundreds of pages of medical information on a credit card-sized piece of plastic. Out of this technology, the foursome built a multimillion dollar business - LifeCard International - that was sold to a major insurance company in 1985. With the success of LifeCard, Sterling Partners was born.
Sterling Partners was founded on the combination of ideas and the people who know how to make them realities. Sterling continues that tradition through a disciplined investment focus in each of its three funds: Sterling Capital Partners, Sterling Venture Partners and Sterling Real Estate Partners.
http://www.sterlingcap.com/
Janice honey,
Does anyone know if "stervc" stands for "Sterling Venture Capital"? There actually is a Sterling Venture Capital located in NYC, but "our" Sterling says he's from Texas.
Look whose having second thoughts today:
About the news today...
I must depart for a bit, but I think I need to share what I see in the PR today. This news today is a lot more powerful than what I think many have figured out yet. Yes, much is subliminal.
Then again, it might just be me over spec-o-lating! Just teasing myself! LOL
Prepare yourself because this is going to be another one of them long ones! It will only be "theories" until proven "fact" by the company.
All is well!
http://www.sterlingsclass.com/
Sterling
skunks,
The website is everything to Qtelevision.
LiLWiP,
Isn't Bob Sims and that other guy Peter Pacnor at the World Health Organization the guys that helped with the origional beta of HTML when a friend of theirs Bernie Lee at CERN deleveloped it. I think he is a retired OperOp of a Net Operating Center.
atrain,
That's OK. Everyone will know that the .net site is a basher site. The important sites: .info,.org, .tv, .biz are in good hands.
skunks,
Check with godaddy or some registration site.
skunks, the important ones are in safe hands...eom
skunks,
the .net site is a porno basher site not affiliated with QTelevison. .com, .info, .org, .tv can reach the real Qtelevision site.
Foxy,
Besides Qtelevision.com, the other sites to get Q are:
Qtelevision.info
Qtelevision.org
Qtelevision.tv
TSRG/P...Big News:Trans Energy's Sagebrush Field Goes on Water Flood
ST. MARYS, W.Va., May 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- Trans Energy, (OTC Bulletin Board: TSRG) announces that the Sagebrush Flat Minnelusa B Unit located in Campbell County, WY has gone on a water flood. The company owns a Fifty- four (54%) percent working interest in the unit. The field has produced in excess of Three Hundred Forty Thousand (340,000) BBLS of oil to date. The field is being flooded at the rate of 1000 BBL of water injected per day. The water is being obtained from a well drilled in May 2004 on the subject unit. Water produced from the two (2) producing wells is also being injected. It is expected that this water flood will increase oil production. Production for the month of March 2004 was One Thousand Four Hundred Eighty (1,480) BBLS. The water flood should start to increase oil production within three (3) to four (4) weeks. With the current high price of oil, this flood should increase the company's revenue.
Where to Start Today.... Well let's start on the lighter, Weirder Side
of the NEWS. THERE is an apparent BOTTOMLESS POT HOLE near Seattle, on
the Scale of "MEL'S HOLE" made famous on "The ART BELL SHOW" a couple
of years ago. THERE is a SONG on this, LINK HERE!!! and HIT Your "PAGE
DOWN BUTTON" 2 or 3 Times, until you see the "Ballad of Mel's Hole
from the folks at KXLE. 2 Minutes" IN "REAL AUDIO"
FOR THE STORY of the BOTTOMLESS POT HOLE HERE!!!
AND HERE!!!
Where to Start Today.... Well let's start on the lighter, Weirder Side of the NEWS. THERE is an apparent BOTTOMLESS POT HOLE near Seattle, on the Scale of "MEL'S HOLE" made famous on "The ART BELL SHOW" a couple of years ago. THERE is a SONG on this, LINK HERE!!! and HIT Your "PAGE DOWN BUTTON" 2 or 3 Times, until you see the "Ballad of Mel's Hole from the folks at KXLE. 2 Minutes" IN "REAL AUDIO"
FOR THE STORY of the BOTTOMLESS POT HOLE HERE!!!
AND HERE!!!
OT:Mel's Hole:SEATTLE, Wa. - More details on the "Bottomless Pit" discovered In
Woodinville including that authorities are still trying to get to the
bottom of the hole - literally. The group is interested in the hole
and what is found of its depth via instrumentation because of its
similarity to a story of another bottomless hole in Ellensburg
Washington - "Mel's Hole".
A visit to the Woodinville site today showed that the hole is covered
with steel plates and the county will not be filling it in or capping
it off just yet but will be lowering a camera into the hole - again.
This time agencies will run the camera through the pipe running inside
the hole. Perhaps in time also locate some debris at the bottom and
determine the history.
The story started when a local neighborhood boy named Cody discovered
a well-known pothole had caved in last Friday. A garbage truck had
parked over the hole and had further broken down the asphault over
what the neighbors thought was just a simple depression in the road.
Cody poked a handle into it and couldn't find the bottom. Little did
he know how deep it was. It grew bigger.
Before road repair opened up the hole to its full size, Cody
demonstrated with his hands the size of the hole which was about the
size of a baseball. Thinking the pothole needed to be fixed, neighbors
called the county and before long not only were the road repair
officials there but also the Woodinville Fire department, the police
department, the water department, a geologist and every local news in
Seattle. Why? They couldn't find the bottom. This hole was almost
perfectly concentric with smooth walls comprised mostly of clay and
had only the indications of a metal rod and some old wood planks to
give clues to its development. Some speculate what appears to be a
partial ledge half way down is a tree stump lodged to once cap the
hole. Most believe the boards and support rotted over the years, gave
way and collapsed any fill in dirt above thereby exposing the hole. A
neighbor reports there was a carbon monoxide test done but no gas was
detected. Did the recent earthquakes in the Northwest dislodge the
support?
Finding its depth: The Fire Department attempted by apparently tying
every single roping they had to determine the depth. Rescue line and
hose line with a good solid weight at the bottom. They reported the
roping may have gone down 1,000 feet but other departments commented
what they were using could have well "coiled" on the bottom and would
not have shown slack. The argument against that is none of the line
lowered became wet or showed any dust or debris if it indeed hit
bottom or a ledge. Odd?
Then King County road repair lowered a small camera they had rented
with cabeling and determined that the hole was 230-250 feet deep. They
were also looking for side or lateral holes but didn't see any. But is
there? Did the camera reach 250 feet or is that just the length of
cabeling they had available? Did they see something they are not
telling? Perhaps, but the video is on-line for viewing (see link
below) and hopefully they will have a video of the return visit.
Mysterious Breeze? Apparently when the hole was first opened, the
persons standing around the hole said it felt like "an airconditioner"
and they could definitly feel "a breeze". Was the difference in air
temperature in the hole and outside creating an updraft? Or where
people feeling an air current from a hole that was really a tunnel? A
neighbor commented that the air current was less noticable when the
hole was widened but feels it is still there.
Further value? Could this hole be a significant study geologically
being at the apex of a high elevation point?
One of the neighbors - Dan is the oldest resident there and recalls
when the area was developed in the sixties and he doesn't recall any
noticable well or mining shaft. In fact he ran the grating over the
road to prepare it for development when it was sectioned for housing.
The lot directly in front of the hole used to have an old house and
the area was a chicken farm.
Several neighborhood boys commented that the depression had always
held water even on dry days and thought it strange when the hole was
finally opened up and the sides were bone dry. Some say the hole is a
mining shaft or an old well but whatever is speculated the
explanations still don't seem to fit - kind of like the proverbial
square peg in a round hole.
A water well with no water? Did the diggers need to drill a hole over
three feet across when not required or necessary for testing methods
or for conventional wells? Was this an old well that was hand dug? If
so why did the diggers "drill" for water on top of the highest hill in
the highest elevation in North King County? Did they abandon the well
when no water was found? Strange.
A mining shaft with nothing to mine? Records show no gold or ore in
the area. So what could they have been digging for? Does the hole open
up into a cavern?
Other speculations: An early abandoned gas line, One neighbor
speculates it may have been a shaft for a fall out shelter that was an
abandoned project. Could it have been a vent hole for the Nike missile
silos built during the sixties? Could the hole have been dug from
below? Is it military related?
Whatever it is, it will be interesting getting to the bottom.
OT:Mel on IBC radio in 45 minutes...eom
OT:Mel on IBC radio in 45 minutes...eom
The word "LOGO" sounds stupid...eom
June and July should be very interesting for QBID...eom
LOGO is probably a beta name for their channel...this happens in the industry...same for motion pictures...they all have beta names...eom
foxy,
Interesting you should mention MTV. All this week in front of my home on the beach M-TV is filming their annual Beach Fest over the next couple of weeks. Lots of things happening here with M-TV.
JC, Foxy,
Don't forget the mirror sites:
Qtelevision.info
Qtelevision.org
Qtelevision.TV
skunks,
Lots of cameral crews...one of the biggest in Southern California
with great Queen Mary backdrop...Charter Cable usually broadcasts it live locally.
CT,
No...eom
The Long Beach Gay Pride Parade is in front of my home. The sponsor is Bud Lite...along with other major sponsors like Paramount Studios...a lot of other big name sponsors here as well...eom