Marker International MRKR Ski Bindings,clothing,snowboards Message Board

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Non-Tech : Marker International MRKR Ski Bindings,clothing,snowboards

MRKR 0.955

-4.4%

Nov 3 3:56 PM EST

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To: Oak Tree who wrote (289)	10/18/1999 10:25:00 PM
From: John R Resseger	Read Replies (1) of 360

Final court approval is October 28th I believe. Far as I can tell the new Marker will be out of chapter 11 by the end of the month. The 11M shares of MRKR will represent 15% of the new company. Tecnica/Volkl has put at least $30M into this bailout. Banks took a $30M haircut. Former CEO took at 50% haircut on the preferred. 100% 0n preferred interest. Ex Ceo still owns big chunk of stock and is on the board. No chance stockholders will not approve the deal. Newco deal closes 10/31/99 Debt forgiveness takes place 10/31/99 total $30,938,958 US Company according to plan will report sales of $68M gross margins of $23M Operating income $261K net income $26,474,300. March 2000 plan shows currant assets $40M - total assets $49M Current liabilities $28.7M - Long term $8.7M Stockholder equity $11.4M Plan shows 3/31/2001 Sales $76M operating income $5.6M Net $2.5M 2002 sales $80M net $3.2M Equity $17.2M

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