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Author Topic: VNWI
jason10
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i cant figure out why this isnt trading in the high .40s area can anyone out there help me


VIA NET.WORKS, Inc. (VNWI) 47.62% HIGHER; Claranet, an independent and privately held European internet service provider, signed a letter of intent to buy the Company's business operations for $26.5 million to $27 million in cash.


Market Cap 13,565,068

Shares Outstanding 56,054,000


im confused as to why this isnt nearly twice the current price can someone help me out here


as of this posting last trade was .24

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

Posts: 428 | From: indiana | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
Paldi
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In this situation of a but out, what happens to the shares you own, do you get the credit of the buyout divided by the shares outstanding?
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jason10
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not sure hoping someone else had better info because if its a straight buy all the stock deal then this is worth .48 i cant figure it out

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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Paldi
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Man, I must be really stunned, why are people selling into this news, .44 is what the purchase price is for.
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jason10
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thats what im saying it seems insane to me to sell when your all but garunteed a .20 cent raise in price

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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Peaser
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http://stockcharts.com/def/servlet/SC.web?c=VSNI,uu[w,a]daclyyay[db][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

It looks as if it's still on an overall downtrend. It may go up for a day or two, but I wouldn't put my cash here just yet.

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jason10
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/bump can someone with real good info stream get me how much thier outstanding debt is?

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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glassman
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On April 1, 2005, VIA NET.WORKS, Inc. (the “Company”) issued a press release to announce the sale of two of its Swiss companies—VIA NET.WORKS (Schweiz) AG and VIA NET.WORKS Services AG—to former managers and owners of the business.



Proceeds of the sale will provide the Company with additional funds, allowing it time to continue to explore strategic and financial solutions to its immediate liquidity issues. The Company stated that it was continuing its discussions with third parties for various solutions, which include the potential sale of all or parts of its business and the possibility of securing additional investments into, or financing for, the Company.



T he Company has previously disclosed that it is working with PricewaterhouseCoopers to obtain new financing to address an urgent liquidity problem.



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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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On April 10, 2005, VIA NET.WORKS, Inc. (the “Company”) signed a letter of intent with Claranet Group Limited (“Claranet”), an independent and privately held European internet service provider. Under the terms of the letter of intent, Claranet would purchase all of the Company’s European and U.S. businesses and certain back office and technical support assets and liabilities for a purchase price of between $26.5 million and $27 million in cash. In signing the letter of intent, Claranet has paid a deposit of $3 million against the purchase price to secure exclusive negotiation rights with the Company until April 30, 2005. The letter of intent provides, among other things, that between the signing of the definitive purchase agreement and closing of the transaction, Claranet would provide an interim working capital facility of up to $6 million, secured by pledges by the Company of shares in certain of its European subsidiaries; the purchase price will be reduced by the amount that the Company draws down on this facility.

heres the scary part...

the purchase price will be reduced by the amount that the Company draws down on this facility.

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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LIABILITIES AND STOCKHOLDERS’ EQUITY

September 30,2004
Total liabilities- $71,728,000
Total assets $ 122,142,000

Net loss per share—basic and diluted.. For the nine months ended
September 30, (0.43)




they filed an extension for the most recent filing...this data is a quarter old

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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Long-term debt



In connection with the acquisition of the PSINet Europe companies (see Note 4), in August 2004 the Company issued an unsecured zero coupon convertible note. The note is due in November 2005 and is convertible into 4.5 million of VIA common stock at the option of the holder. The face value of the note is Euro 6 million (approximately $7.4 million) , subject to any final adjustments for warranty claims if any, and the effective interest rate is 5.27%. Based on this effective interest rate, the present value of the unsecured zero coupon convertible note is Euro 5.6 million (approximately $6.9 million). The discount of Euro 0.4 million (approximately $0.5 million) is being amortized as interest expense over the duration of the note.


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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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Liquidity



We began 2004 with $65.8 million in cash and cash equivalents and $1.4 million in restricted cash. In the first nine months of 2004, we used $20.6 million to acquire the Amen group and the five PSINet Europe operations. We received $9.4 million cash from the sale of our UK operation. Overall, including the net impact of the transactions, we had negative cash flow of $41.9 million for the nine months ended September 30, 2004, leaving us with $23.9 million in cash and cash equivalents and $5.2 million in restricted cash at September 30, 2004. Our negative cash flow for the nine months ended September 30, 2004, widened by $17.1 million compared with our negative cash flow of $24.8 million for the nine months ended September 30, 2003, primarily due to the cash used for the acquisitions discussed below and an increase in purchases of tangible fixed assets.


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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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this goes on and on dude, they don't just post a figure....
but they can't seem to turn a profit.....

the reason it won't go to the full value is that they have some non-cash debt....

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Don't envy the happiness of those who live in a fool's paradise.

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