mid_pac hay. i hope this one could help you: Msg 2230. o_benation brought it "This is from the analysts at Miller Johnson Steichen Kinnard. Hopefully this will answer the questions about the loans.
We also list some bank debt of $10 million that Mind incurred during the second quarter of 2004. This is not the result of an acquisition. Rather, Mind had historically seen the Company�s long term bank deposits returned on the call date. This was likely driven by the fact that the deals favor Mind over the bank. Mind expected one of these deposits to be called in February of 2004. Accordingly, Mind made arrangements to deposit the funds into another bank earning a similar high level of interest. When the first bank did not return the funds early, Mind borrowed $10.0 million to cover the new deposit. While the economics of the deal are highly favorable with Mind earning a spread of 5.35% on the $10 million, financial speculation is not the primary focus of the Company. This highly irregular activity presents no material risk to the Company as the loan can be repaid at any time. We expect $10 million of deposits to be returned to Mind in November-2004 and Mind to use that cash to repay its $10 million bank loan. We do not expect this change to have a material impact on our EPS forecast for 2005 as we have not factored in the excess interest income that would be earned in 2005 if this extra $10 million deposit were to remain outstanding."
quantum_analyst hay. don't drag into it. and as for the positive people here- well everybody bought what ever he/she could or as much they thought they should. probably we are not being liked to be fight for and i'm out of guessing way. the stock price/trend speek for it self. BTW-hope you had a nice Thanksgiving