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THE HERALD Wednesday October Page Business Page I Junk bond investors will band together against Campeau Diane Maley ft got Ik a cat a la tee of new I kaai far were IMI right kk This seal Its graaa Travis V Get wired lor sound at Mobile Sound in town Whats in a name your ask Everything when the name is Mobile Sounds and Systems and so meone wants their car wired for sound The new Road audio car company in Georgetown sells and installs everything from cellular phones to Citizen Band Radios to car stereos and speakers to antennae the com panys coowner Scott Rets says We Mr and partner Michael Pepper can do anything from installing a basic radio and two speakers for those who want to listen to the traffic report or the Blue Jay game to installing a system that shakes the Gear win dow lose We customizethe system to fit the customers needs Mr Reis Said Mr explained because cars nowadays come in so many shapes and sizes systems should be specifically fitted to achieve max- Vendors get break on market permit Flea Market vendors in Hills will be able to sell their wares without getting an additional licence if town councillors approve revised bylaw next week Since the enactment of a licenc ing bylaw in vendors at open markets in Halton Hills were re- quired to have a hawkers and dlars licence The same rule was imposed on flea market organizers in 1986 But in May this year the Halton Hills Chamber of Commerce ap proached town council asking that this bylaw be reconsidered Town staff are now recommending that the flea market licence is suffi cient in controlling operations at this time effect As an example of what the com pany can do Mr said he could take a hatchback which has a relatively small amount of available space for a sound system and install one that included two inch subwoofer speakers with an accompanying crossover A subwoofer outputs the base frequencies The crossover divides the frequencies into the high notes generated by the likes of a cymbal the middle notes which include the rhythm section and vocals and the bass section The over all effect being a clean crisp sound he said Mr Reis said Mobile- Sound Systems also manufactures and ships portable communication systems used in the trucking in dustry Included in this type of system is a CB radio cassette tape deck equipped with speakers The system is mounted in a finished box that Is plugged in to the vehicles cigarette lighter The skys the limit as to what the company can do Mr said Every system we build is a totally new experience because there is so much product available on the market that anything is possible American junk bond holders are banding together to cause trouble for Robert Campeau and his new partner the Signs that a battle is brewing sent Campeaus stock price tumbl ing last Friday after a big rise Wednesday optimism that day aero For awhile the Rdchmann presence the markets fears Analysts reasoned that if and York had enough con fidence in Mr CampMU to lend Mm another million US the prospects for his company must be flood But the prospects for Campeau Corp are still uncertain Small in vestors tempted to bet on Bob Campeau should be aware that the stock is more of a gamble than an investment Lets step back a little and look at what has happened to Campeau Corp stock this month On Sept it shot up to a 52week high of on rumors that something good was about to befall shareholders The rumors proved to be unfounded Instead something bad was at hand a liquidity crisis that threatened to plunge Mr Campeaus corporate empire into insolvency ROLLER COASTER When the share price hit the Toronto Stock Exchange stepped in and halted trading When it resumed the following week the price dropped and then levelled off Within a few days though in vestors realized how serious Campeaus problems were and the stock price plunged to before the stopped trading again Last week when Campeau an nounced it had reached an agree ment with its creditors the stock price leaped for Joy By last Wednesday it had bounced back to DELICIOUS Rotisserie Style BARBQUE CHICKEN 232 GUELPH ST 87316467 CALL US AND WEIL TELL YOU HOW TO PROTECT YOUR HOME YOUR CAR AND YOUR LIFE liberty you covered with complete protection for all your insurance needs at very competitive rate liberty Mutual Insurance Company 148 Queen St East Brampton Ontario 1B2 CANADA BELIEVES IN LIBERTY MUTUAL INSURANCE LIBERTY MUTUAL This is what Investors may have been thinking Under the terms of Olympia and Yorks loan the Reichmanns have the option to raise their holdings in Campeau Corp to 384 per cent The pur chase price for the additional shares hagbeen set at lie US a share Privately people watching the drama unfold expressed doubts that the stock would reach that price any time soon But the marketplace seemed to think was what the Reichmanns thought Campeau Corp was worth based on its underlying assets On Friday the market changed its mind again and the stock tell to a twoyear low of a share Buyers of Camneaf stock have been fooled twice lo one month If Campeaus VS are to get back on they must lower the cast of carrying then- debt That means ihrirjijnkbands The reason for Fridays fall may have been a story In The Wall Street Journal that describes a dangerous game of chicken that and York and Campeaus Junk bond holders will be playing over the coming weeks As part of restructur ing plan O and Y has agreed to help it raise another million conditional on the sale of- Bloom- ingdales The money is to be used to buy out the junk bond holders at Sept IS prices Bondholders argue that their securities were not worth very much on that day because it was not clear the com pany would survive Advocates for the Junk bond holders are accusing and of trying to rob them of their Nevertheless they admit that the lowball offer is a open ing move in what Is likely to be long an tenet negotiations If no agreement is reached Campeaus rattans may bare te file far protection under Chapter of VS laws Sobered by last weeks stack price shareholders mutt be wondering what will be left for tbsui once the Junk bond balden have been satisfied Campeaus stock is worth money but bow much Is a matter of speculation CSS Computer Sales Service NOW IBM Compatibles Service Technician to service most types of machines QUICKLY Nintendo IBM Amiga Software available Consulting available for your personal business Let us make Software to suit YOUR needs WIN A FREE NINTENDO See stores or details no purchase necessary CSS Computer Sales Service 384GuelphSt UnitSA Georgetown Ont 416 8730325