GREY:TCEGF - Post by User
Post by
athecon Nov 18, 1999 1:08pm
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Post# 1085115
April 7, 1997
April 7, 1997On April 10/97, the company announced that the Bank of Montreal had increased and extended the existing credit facility in exchange for stock options.
News release also appears under BMO ticker symbol.
April 7/97 OSC filings with respect to material change indicate same.
June 19/97 Toronto Star article - "Bank, creditor in Tee-Comm row", "U.S. creditor charges fraud".
... "the bank went in and made a secret deal with Tee-Comm a month before in April "to improve its position at the expense of all other constituencies.""
... "the bank grabbed "previously unencumbered assets" such as those owned by the separate U.S. subsidiaries as collateral..."
back to April 7/97 OSC filing - re:
Item 7. Omitted Information
"No information has been omitted pursuant to subsection 75(3) of the Act."
As Arty Johnson used to say on 'Laugh-In',
very, very interesting...