Buying opportunities should be good in the upcoming days. I see no major problems as the stock (if it should become delisted from NASDAQ) will trade on the BB (pink sheets) where there is no time restraints for filing a 10Q report. If they get it done within 60 days even with a notice from the trustee declaring they are in default, there will be no problems and no payment needed. The worst that could happen is they make the payment and become dept free. Once they are in compliance they apply to the NASDAQ and be reinstated if they meet the guidelines.
Terayon Provides Update on Accounting Review:
If holders of at least 25% in aggregate principal amount of the Notes outstanding provide written notice to the Trustee or to Terayon and the Trustee of a default based on Terayon's failure to file its Form 10-Q Report for the quarterly period ended September 30, 2005 and such default is not cured within 60 days of such notice, an event of default will occur and the Trustee or holders of at least 25% in aggregate principal amount of the Notes then outstanding may accelerate the maturity of the Notes and declare the entire principal amount of the Notes, together with all accrued and unpaid interest thereon, to be due and payable immediately. The Notes currently outstanding have an aggregate principal amount of $65 million. The company ended 2005 with $101 million of Cash and cash equivalents plus Short-term investments.
"There is no great honor these days in being a long (very long).......
Not a lot of profit either it seems."
