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Electric Lightwave Inc. is telling investors that it is close to running lout of money. But, the Vancouver company insists its major shareholder won't let the company melt down--at least not any time soon.
The company's second-quarter 2000 report states: "The remaining funds available for draw on our credit facility will be inadequate to fund operating leases, working capital deficiencies, capital expenditures and debt service beyond the third quarter of 2000."
The company has only $46 million available under its $400 million credit line.
But the report also notes: "Citizens will continue to finance our cash requirements at market terms and …