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EXHIBIT 12.1
FORM F-4 -- OFFER TO EXCHANGE 13 1/4% SENIOR DISCOUNT NOTES DUE 2010
FILED MAY 30, 2000
SUPPORTING CALCULATION FOR THE RATIO OF EARNINGS TO FIXED CHARGES
PRO FORMA
FINANCIAL
INFORMATION
SIX MONTHS ENDED TWELVE MONTHS
TWELVE MONTHS ENDED SEPTEMBER 30 MARCH 31 ENDED
-------------------------------------------------- -------------------------- SEPTEMBER 30,
1996 1997 1998 1999 1999 2000 1999
--------- --------- ----------- ------------ ----------- ------------ -------------
(UNAUDITED) (UNAUDITED)
LOSS BEFORE TAXES AND FIXED
CHARGES
Loss before taxes............... $(251,000) $(430,000) $(2,439,000) $ (9,802,000) $(3,279,000) $(48,986,000) $(151,994,000)
Interest on long term debt...... -- -- 147,000 262,000 299,000 17,172,000 111,762,000
Finance charges................. -- -- -- 192,000 59,000 293,000 3,092,000
--------- --------- ----------- ------------ ----------- ------------ -------------
(251,000) (430,000) (2,291,000) (9,348,000) (2,921,000) (31,521,000) (37,140,000)
FIXED CHARGES
Interest on long term debt...... -- -- 147,000 262,000 299,000 17,172,000 111,762,000
Finance charges................. -- -- -- 192,000 59,000 293,000 3,092,000
Capitalized interest and finance
charges........................ -- -- -- 1,588,000 1,243,000 1,430,000 1,588,000
--------- --------- ----------- ------------ ----------- ------------ -------------
-- -- (147,000) (2,043,000) (1,601,000) (18,895,000) (116,442,000)
--------- --------- ----------- ------------ ----------- ------------ -------------
Shortfall...................... $(251,000) $(430,000) $(2,439,000) $(11,390,000) $(4,522,000) $(50,416,000) $(153,582,000)
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