EGVRD Message Board - Msg: 6468390

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Microcap & Penny Stocks : EGVRD

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To: E.B. who wrote (7)	11/18/1998 2:39:00 PM
From: E.B.	Read Replies (2) of 55

BANKRUPTCY FIRM CONFIRMS EGVRD INTEREST IN PROPERTY. A Southern Texas Bankruptcy attorney handling the Malone SVCS bankruptcy confirmed EGVRD interest in the property. Further stating that the overall process is a highest bid process with approval of applicants by the TNRCC and Texas AG. The current bidder is STE with a bid of $3M (US). Eagle has received a $10M (US) loan from the government and is due to receive its first installment of $5M shortly (from KCAP investor relations). IMO that places EGVRD in the position of easily outbidding the competition. According to the law firm, they are awaiting a hearing date in bankruptcy court that is expected to come "sooner than later." E.B.

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