Excite@Home Continues Slide

By TSC Staff ,

Excite@Home (ATHM) - Get Report continued to slide in preopen Island trading, falling 7%, after a drop of 30 cents to $2 Friday.

The Internet services provider has suffered from following a

financing agreement with

Promethean Capital Group

which investors fear could spark a downward spiral in the stock price.

The company has defended the financing agreement, citing fail-safes in place to prevent such an outcome.

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