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To: StocksDATsoar who wrote (46053)	5/8/2000 2:07:00 PM
From: Jim Bishop	Read Replies (3) \| Respond to of 150070

REDI filing: REDDI BRAKE SUPPLY CORP (REDI.OB) Quarterly Report (SEC form 10QSB) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION The Company has $11,518 in cash and $-0- in accounts receivable for total current assets of $11,518. Other assets include $2,034 in securities available for sale and $232,261 in convertible debt offering costs. The Company has current liabilities in the amount of $11,165,014 which include $45,154 in accounts payable, $6,900,000 in the form of a subordinated convertible debt and $4,219,860 in accrued interest payable on the convertible debt. The Company did not generate any revenue during the quarterly period March 31, 2000. The Company has no material commitments for capital expenditures for the next twelve months. The Company is currently in negotiations with the debenture holders to settle the debt. The Company believes that its current cash needs can be met with the cash on hand for at least the next twelve months. However, should the Company obtain a business opportunity, it may be necessary to raise additional capital. This may be accomplished by loans from the principals of the Company, debt financing, equity financing or a combination of financing options. Forward-Looking Statement Notice When used in this report, the words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and similar expressions are intended to identify forward-looking statements within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934 regarding events, conditions, and financial trends that may affect the Company's future plans of operations, business strategy, operating results, and financial position. Persons reviewing this report are cautioned that any forward- looking statements are not guarantees of future performance and are subject to risks and uncertainties and that actual results may differ materially from those included within the forward- looking statements as a result of various factors. Such factors are discussed under the headings "Item 1. Description of Business," and "Item 6. Management's Discussion and Analysis of Financial Condition and Results of Operations," and also include general economic factors and conditions that may directly or indirectly impact the Company's financial condition or results of operations. Recent filings: Mar 22, 2000 (Qtrly Rpt) \| Mar 22, 2000 (Qtrly Rpt) \| Mar 22, 2000 (Annual Rpt) \| Mar 22, 2000 (Annual Rpt) \| May 08, 2000 (Qtrly Rpt) \| May 08, 2000 (Qtrly Rpt) More filings for REDI.OB available from EDGAR Online \| Access real-time filings with EDGAR Online Premium EDGAR Online offers detailed company intelligence with Real Time SEC Filings, Full Search, People, Personal and more.