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WKN 902675 NASDAQ ALTI Hallo Leute, ich werde mir ein paar Altair zu legen da die Firma einige hochwertige Patente in der Pipeline hat. Bisher ziel Altair nur auf den US Markt ab. Gruß Albtossa Altair Nanotechnologies Pays Off All Convertible Debt; With $588,000 payment to Doral 18, LLC, Altair regains all pledged assets Monday , September 15, 2003 10:15 ET RENO, Nev., Sep 15, 2003 (PRIMEZONE via COMTEX) -- Altair Nanotechnologies Inc. (Nasdaq:ALTI) announced today that it has repaid Doral 18, LLC, the remaining $588,000 in convertible debt. Pursuant to the terms of governing security agreements, Doral is required to release all of Altair`s pledged assets, which include titanium mineral leases and patents for pigment and nanomaterials. With this transaction, Altair is debt free except for a promissory note to purchase the building that houses its Reno production facilities from BHP Minerals International, Inc. Under that agreement, interest begins accruing in August 2005 with the first payment due in February 2006. Altair`s Chief Financial Officer Ed Dickinson said the company paid off the debt with funds received from the exercise of warrants. " We have sufficient resources to fund operations through the end of 2003," he said. " With our stock advancing, we anticipate warrant exercises that could provide adequate financing through 2004." Mr. Dickinson added, " We also expect income through additional government funding, increased product sales and product development contracts." " With the exception of the building agreement, this marks the first time the company has been debt free since purchasing its pigment and nanomaterials technology from BHP Minerals four years ago," said Dr. William Long, Altair`s Chairman and Chief Executive Officer. " With no more convertible debt, we expect to emerge as a technological leader not only in nanotechnology and nanomaterials but also in titanium dioxide pigment." Dr. Long credits the company`s employees, shareholders, technology platform and economical production process for Altair`s survival through a challenging economic environment for technology companies. |
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| aus der Diskussion: | Aussichtsreiche Werte! |
| Autor (Datum des Eintrages): | Albatossa (16.09.03 23:32:50) |
| Beitrag: | 65 von 547 (ID:10752334) |
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