Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

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To: David who wrote (1592)	6/29/1999 10:24:00 PM
From: Victor Lazlo	Read Replies (1) of 10293

David- From the perspective of stock price value, with a pe ratio of 850, I am not sure this credit line default could be called a minor event. Recall the old saying: " If you owe your bank a million dollars, you are in trouble. If you owe your bank a billion dollars, your bank is in trouble." Maybe the bank simply does not want to cause panic. When a co reaches its aggregate borrowing capacity, bad things can begin to happen. I am employed by a firm with lots of govt contracts, and the govt pays slowly. You had better have a big $ partner if you want to sell a good % of your product to the govt. Victor

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