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Technology Stocks : Gandalf Technologies

GANDF 0.0900

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To: stock4U who wrote (2671)	10/25/1997 3:09:00 PM
From: TomX	Read Replies (1) of 2723

From The Ottawa Citizen, Thursday, October 23, 1997: p. F3 - Briefly The court appointed monitor running the affairs of insolvent Gandalf Technologies Inc. has sold the company's last major asset, its maintenance division, to an American company in a $3 million U.S. deal. The sale of the division to DecisionOne of Pennsylvania, a computer maintenance and support operation, will save 45 jobs and boost the American company's presence in Canada. A meeting of creditors of Gandalf will be held Nov. 14. The largest secured creditor, the Royal Bank of Canada, is expected to recover all its $14.5 million debt, while other ordinary creditors may get between 15 to 25 cents for each dollar owed. Shareholders will recover no money. ----- end of article ----- Comment: Will the last shareholder reading this thread be sure to turn out the lights when they leave? Thank you.

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