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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: chester lee who wrote (1212)6/19/1998 4:59:00 PM
From: drakes353  Read Replies (1) of 2506
 
Chester:

Sounds like you're on the right track. I think Colkitt did the ASI transaction to get the ASI debt off of his own balance sheet and onto EQMDE's. That guy is a pretty slick character, isn't he? Since the detailed financials were never published anywhere we can't know what the ASI related damage is going to be. Hopefully a good chunk of the "receivable from affiliates" line was due from ASI, we'll see.

drakes353
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