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Eilat |
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Eilat
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| Separately, the Company announced that Ron Eilath has resigned as the Company's Chief Financial Officer. President and CEO Greg Walling and CFO Ron Eilath will review the results and discuss the Company's outlook. Ron Eilath, Chief Financial Officer of Cabletel, stated, " Negotiations with the holder of the note and our senior lenders have been positive and, although no assurances can be given that a successful restructuring will be agreed upon, we are encouraged by the progress we have made and are hopeful that a restructuring of the note will be completed shortly. |
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