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To: Razorbak who wrote (50969)	9/12/1999 12:39:00 AM
From: CpsOmis	Read Replies (1) \| Respond to of 95453

RE: EGEO As long as we are talking about bankrupt/hurting companies Sarge, EGEO looks like it may be "in play" sometime soon. If I am not mistaken, they need to make a 5 million dollar debt payment, I think by the 15th. There is a lot of speculation going on over at the Yahoo board about a possible buyout from VTS. Anyway, news about making or not making the debt pmt will be coming very shortly, it would seem. Would also tend to shed light on a buyout, perhaps. (The only scenario where the shareholders will see anything, I think) I picked up 2000 "zero cost shares" as slider likes to call them after a quick run it made a while back. Wonder what some of our experts opinions are on how this might play out, short term, with news coming....... Might be good for a quick speculative pop on buyout rumors, or go to the basement if they miss there pmt. (In penny stock land now........) Opinions? CpsOmis

To: Razorbak who wrote (50969)	9/12/1999 9:03:00 AM
From: SargeK	Read Replies (2) \| Respond to of 95453

Razor, I appreciate your comments regarding the "DIP" financing. I understand the remaining priorities. The reported willingness of the Senior Debt holders to swap debt for equity is an indication of a viable business. This was announced prior to the Company opting for bankruptcy. I'm sure the banks would have preferred to avoid Chap 11. Many of the Chap 11 scenarios cited elsewhere and here relate to companies with more DEBT than ASSETS. This is not the case with HMARQ. I don't think the "Judge" will strip the stock holders from $168m equity. I may be wrong; but, that is what makes it a gamble not an investment. Again, if I win the bet I will at least double my money, if I don't, I'll end up with pennies on the dollar. I probably should not have posted this special situation on this message board. It is becoming far too cumbersome,has added to board clutter, and is an issue which apparently is not of interest to most. Sorry about that folks. I'll try not to waste any more of your time. SargeK

To: Razorbak who wrote (50969)	9/12/1999 2:50:00 PM
From: articwarrior	Read Replies (1) \| Respond to of 95453

Razorbak Excellent, thorough analysis of the HMARQ situation. As I thought FENY makes an excellent comparison to HMARQ's situation. For those who like speculation I would rather take out a futures contract on NG than attempt HMARQ at this juncture. The scenario for NG makes ten times more compelling appeal than a crapshoot. I believe that the odds are more for a 1 in 6 probability of success in HMAR than an even odds event. Way to go Razorbak, we need more of your kind of analysis to help with our decision-making process. Artic