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Strategies & Market Trends : Arbitrage Plays

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To: rjm2 who wrote (340)10/4/2001 12:16:36 PM
From: Allen Furlan  Read Replies (1) of 376
 
rjm2, have you done any further investigation of this deal? On the face it seems very tentative at this time. The 10Q has a going concern note from the auditors which is a red flag. Is the plant and equipment plus inventory worth 25 million(5 stock plus 20 debt)? If lenders allow assumption of debt deal may survive. But why should they?
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