SVCDQ, temporary board? Message Board

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Microcap & Penny Stocks : SVCDQ, temporary board?

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To: Arthur Tang who wrote (2)	1/20/2000 5:35:00 AM
From: Arthur Tang	of 66

servicemerchandise.com is an asset of SMC which should be spun out partially(10%)as a separate corporation to the stockholder in chapter 11 reorganization. It will immediately be tradable, adding assets(stock price x number of shares SMC still owns)in its treasury to SMC's negative bottom line. It should also have an underwriter to do an IPO for SMC to pay for the debt of previous vendors and bank credit currently used. Bondholders are not easy to shake away. Letting it stay the way it is, is about the best to hope for.

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