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To: Bird who wrote (256)	8/19/1999 5:45:00 PM
From: DJ Clancey	Respond to of 285

I don't think my statement is distorting the quote. Chapter 7 is far from Chapter 11 (reorg). I also had talked with Mims last year and he seemed fairly clear about the end of the entity. If there is a settlement that resolves to re-instate the business as an operating entity without considering shareholders of record at the time of the fiasco that realized extensive loss, I believe that would lead to another lawsuit on behalf of the shareholders. However, you have not convinced me yet how you see resolution of a chapter 7 case, which would generally be used to pay of debt of creditors, as a determination that the business could operate as an entity again. First of all, they have no product. Rights to that were bought in a liquidation sale a long time ago. DJ