Newsgroup: it.economia.borsa.estero
Titolo: La news ADSX 06/30/2003 3:09PM

Dovrebbe esser stata resa pubblica a quest'ora, più o meno coincide con
l'esplosione delle contrattazioni,
Ciao!
Applied Digital Solutions Makes $30 Million Payment to IBM Credit, LLC,
Satisfying All Outstanding Debt Obligations to IBM
Payment Improves the Company's Cash Flow and Liquidity - Strengthens Net
Worth and Shareholder Equity on Balance Sheet
PALM BEACH, Fla., Jun 30, 2003 (BUSINESS WIRE) -- Applied Digital Solutions,
Inc. (Nasdaq: ADSX - News) an advanced technology development company,
announced today that it has made a $30 million payment to IBM Credit, LLC,
the Company's former senior secured creditor.
Under the Forbearance Agreement with IBM Credit (announced on March 27,
2003), the Company had the right to purchase all of its debt of
approximately $95 million (including accrued interest) with a payment of $30
million by June 30, 2003. This $30 million payment, which was finalized
today, satisfies in full the Company's debt obligations to IBM. In 2002,
Applied Digital Solutions and Digital Angel Corporation (AMEX: DOC), which
is majority owned by the Company, reported consolidated revenues of $99.6
million.
The payment to IBM Credit increases the Company's cash flow and liquidity.
With this payment, the Company has also significantly strengthened
shareholder equity on its balance sheet, increased its net worth, and
eliminated the negative cash flow for IBM debt payments. The Company also
expects to recognize a gain from the settlement of the IBM debt.
Simultaneous with the $30 million payment, the Company completed a $10.5
million, 8.5% convertible debenture transaction with an investor group. The
investors can convert the debentures into shares of ADSX's common stock
(subject, in part, to shareholder approval) or shares of common stock the
Company already owns in Digital Angel Corporation. The fixed-price
conversion feature represents a 5.0% premium based on current ADSX market
prices, subject to dilution provisions. Subject to certain conditions, the
regular interest (8.5% per annum) and amortization payments for the 29-month
debentures (due June 29, 2006) may be made (at the Company's option) in cash
or the shares the Company owns in DOC.
In addition, ADSX has granted warrants to the investors that are exercisable
for approximately 5.35 million shares of ADSX's common stock, or 950,000 of
the shares the Company owns in DOC, or a combination of shares from both
companies. The exercise prices represent a 15% premium based upon current
market prices, subject to dilution provisions. The warrants vest immediately
and expire in June 2007.
"This IBM payment represents an important turning point for Applied
Digital," commented Scott R. Silverman, Chairman and CEO. "In the most
recent shareholder conference call and in our 2002 annual report, I referred
to satisfaction of our debt obligations to IBM Credit as the first pillar of
the Company's foundation for the future. Now that we have strengthened our
capital structure, our priorities are to build on this foundation by
achieving cash flow positive operating results and revenue growth through
sales of our personal safeguard technologies, particularly Digital Angel(TM)
and VeriChip(TM)."

sei un bel furbacchione
lo vuoi proprio sapere ?
sicuro ?

 sicuro ?
Sň talmente niubbo che non capisco se scherzi!!!
Dovrebbe esser questa la notizia che si aspettava no?
La discesa di questa mattina č legata ad essa?
Non potrebbe essere tutto legato?
Ciao!

ho malinteso
si da il caso che alle 03.06 io ho ricevuto una email
;-))

      filing (eom)
      by: adsx03
      Long-Term Sentiment: Strong Buy  06/30/03 03:08 pm
      Msg: 746782 of 747392
      eom
questa è la prima news del pagamento del debito

 wrote in message
news:lM0Ma.1089$Mw3....@news1.tin.it...


questo mi sembra chiedere troppo
la SEC non scherza, mica č la consob

 wrote in message
news:gQ0Ma.1124$Mw3....@news1.tin.it...
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io parlo della news dell'avvenuto pagamento

 ha scritto nel messaggio
news:aY0Ma.1155$Mw3....@news1.tin.it...
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