Lance B's : Its A Beautiful Thing Message Board

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Technology Stocks : Lance B's : Its A Beautiful Thing

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To: Wayne Rumball who wrote (1659)	12/1/1999 7:48:00 PM
From: Sprintcar	Read Replies (1) of 4792

the PR states that the assets are being liquidated and they obviously have a significant value...buildings, equipment, etc. They began the liquidation process in early Aug., so it very unlikely they have not already worked out arrangements for their purchase. What are three manufacturing plants worth?...IMO somewhere between $10-15MM. The difference between the monies generated by the sale of assets and the $15MM owed will be the $ amount used for conversion...and that only after a restriction of at least 1 year. Sure, OS would increase in such a deal by some amount(much less than the 750MM), but that does not change what is out there for the next year to be traded. It surely does not change the extreme short position currently being suffered by the mm's. sprintcar

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