Porta Systems

[benefactor]

die Restrukturierung der Schulden steht vor der Tür.

 

Porta Systems Corporation

 

WKN: 2694780

Kürzel: PYTM

Börse: OTC BB

KGV: 1.05

 

http://www.portasystems.com

 

Chartbild: http://bigcharts.mar...=514&mocktick=1]

 

Porta Systems Corp. develops, designs, manufactures and markets a range of standard and telecommunications equipment and integrated software applications for the connection, protection, testing and administration of public and private telecommunications lines and networks domestically and internationally. The Company's core products fall into three categories: Telecommunications connection and protection equipment, which are used to connect copper-wired telecommunications networks and to protect telecommunications equipment from voltage surges; Signal processing equipment, which support copper wire-based communications systems for use principally in defense and aerospace applications, and computer-based operation support systems (OSS) systems, which focus on the access loop and are components of telephone companies' service assurance and service delivery initiatives.

 

Shares Oustanding: 10.05 Millionen

Market Cap: ca. 3,8 Millionen USD

Umsatz: ca. 32 Millionen USD

Cash: 2.76 Millionen USD

 

 

Wie schon am Anfang geschrieben geht es um die Schulden von PYTM.

 

On August 5, 2005, the Company entered into an agreement with SHF IX, LLC, dated as of August 1, 2005, which amended its Amended and Restated Loan and Security Agreement, dated as of November 28, 1994, as amended, to extend the maturity of the Companys senior debt to September 30, 2005. The agreement provides for payments to SHF IX of $112,500 on each of August 5, 2005, which has been made, August 31, 2005 and September 30, 2005 on account of the Companys senior debt and a payment of $100,000 to SHF IX on account of its expenses, including legal expenses, relating to the extension agreement and related matters. As part of the extension, SHF IX agreed to continue the suspension of the accrual of interest on approximately $23 million of the senior debt. SHF IX is the successor to the Companys former senior lender, Wells Fargo Foothill, Inc.

 

As a condition to the extension, the Company agreed to take steps to effect a restructure of the senior debt in a manner which results in the payment of a significant portion of the senior debt and the issuance of secured debt and equity for the balance of the senior debt on specified terms. Any such restructure will require the Company to obtain financing from a new investor. Although the Company intends to seek such an investor, the Company cannot give any assurance that it will be able to obtain an investor on terms that are acceptable to SHF IX. The Company has also agreed to engage an investment banker to assist it in exploring strategic alternatives.

 

 

Porta Systems Corp. Hires Duff & Phelps, LLC as Investment Banker

Monday August 29, 2:20 pm ET

 

SYOSSET, N.Y.--(BUSINESS WIRE)--Aug. 29, 2005--Porta Systems Corp. (OTCBB:PYTM - News) has hired investment banking firm Duff & Phelps, LLC to assist the Company with an evaluation of strategic alternatives. Duff & Phelps will help the Company analyze opportunities concerning refinancing of the Company's existing debt and other strategic alternatives.

 

Cary Stanford, a managing director at Duff & Phelps who will be the lead banker on the assignment, said " I believe the Company's recent financial performance will attract a great deal of interest among investors."

 

Porta Systems' president and chief operating officer, Edward B. Kornfeld, said, " Based on our recent results, we can now address issues relating to improving our financial flexibility. The Company will look to Duff & Phelps for assistance in exploring possible ways of achieving improved financial flexibility and other strategic alternatives."

 

Porta Systems Corp. designs, manufactures, markets and supports communication equipment used in telecommunications, video and data networks worldwide.

 

Ich halte die Aktie zum aktuellen Kurs für absolut unterbewertet.

Um Meinungen von euch würde ich mich sehr freuen.

[Teletrabbi]

Wird die Aktie überhaupt noch gehandelt`?

[benefactor]

Was soll denn diese Frage? Natürlich wird PYTM gehandelt. Und in nächster Zeit dürfte das Interesse wieder deutlich anziehen, da sich die finanzielle Situation von Quartal zu Quartal verbessert.