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Non-Tech : Creditrust Corp. (CRDT) -- Ignore unavailable to you. Want to Upgrade?

To: BIG EYE who wrote (8)	7/11/2000 6:09:33 PM
From: bgarner	Read Replies (1) \| Respond to of 11

Sorry took so long to respond..I don't really check this thread as the postings are few and far between. My expectation for CRDT going forward isn't pretty. It appears they have too high a debt load relative to their cash flow generation capability going forward. While its the company's intent to emerge quickly from Chap 11, down the road I think while a noble aim, its probably not doable. I think they will have to ultimately reduce their debt load in the reorg and thus current equity holders will likely end up with nothing.