Stock Market Chumps..........9-12-06

Bally Total Fitness Holding Corp. (BFT)

Last Trade:	2.27
Trade Time:	12:17PM ET
Change:	0.42 (15.61%)

Bally Total Fitness Holding Corp. on Monday said it may not be able to fulfill the terms of its credit agreement, which is due in April, and posted a second-quarter loss, citing lower revenue and total memberships.

The Chicago-based gym operator said in a statement it will have "insufficient liquidity" to operate its business without an extension of its credit agreement with lenders, or the refinancing of its debt.

Bally, which is searching to replace the chief executive it ousted in August, said quarterly revenue fell to $254.6 million from $259.6 million a year earlier.

The company posted a net loss of $733,000, or 2 cents a share, compared with earnings of $1.6 million, or 5 cents a share during the year-earlier quarter.

On Friday, the company approved $50,000 a month stipends for acting Chief Executive Barry Elson and interim Chairman Don Kornstein, who replaced former Chairman and Chief Executive Paul Toback in August.

Bally has struggled to attract new members and had to restate five years of financial reports. Last year, it put itself on the block, but was unable to find a buyer.

Bally has recently entered confidentiality pacts with its two largest shareholders, Pardus Capital Management and Liberation Investment Group, under which it will provide confidential information on its business and financial position.

Liberation had said that could help it arrange a corporate transaction such as an acquisition, sale of the company, reorganization or recapitalization of Bally.

Bally shares, which closed at $2.69 Monday on the New York Stock Exchange, are off about 73 percent from the high of $9.87 they touched in March, the day the company said its lenders agreed to extend the deadline for filing its 2005 financial report.

Hypercom Corp. (HYC)

Last Trade:	7.48
Trade Time:	12:17PM ET
Change:	0.62 (7.65%)

About Hypercom

Global payment technology leader Hypercom Corp. delivers a full suite of high-security, end-to-end electronic payment products and services. The company's solutions address the high-security electronic transaction needs of banks and other financial institutions, processors, large-scale retailers, smaller merchants, quick service restaurants, and users in the transportation, health care, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits.

CanArgo Energy Corp. (CNR)

Last Trade:	1.2389
Trade Time:	12:16PM ET
Change:	0.0911 (6.85%)