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To: dwight martin who wrote (6833)8/4/1999 10:01:00 AM
From: Mike MacNaughton  Read Replies (1) | Respond to of 10081
 
The Cripple Creek deal should be viewed as a bridge loan to more permanent financing. I saw the same thing happen to QZARF. The company couldn't hold the stock price up to sustain temporary financing but found a financing source that charged a very high rate (they had to for survival don't you know). The problem was lack of cash flow to service the note. The end result was bankruptcy.