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To: chalu2 who wrote (659)3/5/2000 8:36:00 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 858
 
Nice follow up move on Friday. The company filed its Form 10-K this week and has set a June 30, 2000 deadline for the redeployment of the remaining cash. From the Form 10-K:

"If by June 30, 2000, the Company has not redeployed a substantial portion of the proceeds of the Sale Transaction, or developed a plan to redeploy a substantial portion of such proceeds within in a reasonable time frame, the Company, subject to shareholder approval, will be liquidated and dissolved. Management currently expects to deploy or have a plan to deploy a substantial portion of the proceeds by June 30, 2000."