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Non-Tech : Parlux (PARL) Fragrances
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To: Stingray who wrote (434)5/31/1997 9:56:00 AM
From: sam   of 527
 
>>The GE deal was finalized today, I read that on the news section of
www.nasdaq.com. Like you said before that is a very good sign because you know
that GE would only write the loan if they were very confident that Parlux was going
to make enough money to pay it back and they will have looked very carefully at the
cash flow and profitability. I think that the stock will be back above 3 within the next
couple of weeks.<<

What interests me is that the loan is collaterlized with current assets (inventory and A/P, etc..), so I assume they had examed the
asset part and feel comfortable with it's book value.

Sam
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