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Non-Tech : Lunn Industries (LUNN)
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To: OldHack who wrote (709)9/19/1997 10:16:00 PM
From: Sergio H   of 1436
 
OH thanks for the questions.
<a. Does TPG, in spite of what we know will be their accountants' best efforts, have an earnings shortfall? If
so, how much? If so, why? Did they lose an important client or client?>

I don't know 100% why, except that this is the reason for the merger...the catalyst. TPG says that it is not due to any facotr other than the uncertainty of dealing so exclusively with govt.
The merger is meant to get away from that dependence.

<b. TPG's new contracts. Any factual basis for their existence? Why wait to publicize same? Most
companies, public & private, want the publicity.>

This question goes directly to my credibility. I can't reveal how I found out about TPGs contracts but if you want to find out
call LUNN or TPG and ask them. I did. The information that I have is confirmed by now three sources. Two LUNN officials and and un-named source. Regarding TPG releasing info, I don't have any examples of private companies releasing press releases every time that they have a new contract.

<c. TPG holders of Newco preferred stock. What will conditions of their new preferred be? Is such an
issuance a concession from LUNN to TPG?>
The preferred newco shares are not convertible to regular newco shares. Does that cover it?

<d. Where does estimate of $144mm combined sales of Newco come from? How does one derive an
estimate when the great monolithic unknown is involved? >
TPG is not unknown. It is a much larger company than LUNN. Once people begin to realize that....

<e. If the answers to above are not available, aren't we buying LUNN (Newco) a little on faith? >

Now OH...would we do something like that?

Sergio
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