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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: JKraft who wrote (18814)	2/11/2000 11:48:00 PM
From: Sergio H	Read Replies (2) \| Respond to of 29382

Joanie, as you know ABTX filed for bankruptcy. The 8k is dates 2/9/00 and provides details. <As of the date of this report, the Company has not obtained DIP financing. The Company is seeking DIP financing from its principal lending group led by Bank of America in order to obtain sufficient funds for reorganization. The Company is currently using cash collateral under an interim arrangement with its pre-petition lenders. The Company is continuing to operate as debtor-in-possession, under the authority of its existing officers and directors, subject to the supervision and orders of the Bankruptcy Court. As of the date of this report, no plan of reorganization has been filed by the Registrant and no trustee has been appointed.> I don't see how the stock could pop up to $23. From what I understand a fair takeover price would be about $10. Maybe Max90 got his checkbook out and is buying this Co. Max likes to overpay and then complain that he lost his pants. Holding back on a Yeehaw for you. Should be some press over the weekend. Hope it works out Joanie. Sergio