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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?


To: Tunica Albuginea who wrote (1808)7/13/2000 12:59:35 PM
From: Kevin Podsiadlik  Read Replies (1) | Respond to of 4155
 
"Listen sonny I am Gary ( Wendt ) and have made
General Electric the No 1 company in the World in
the last 10 years and I intend to do the same for
CNC and here is how. ( Shows him the plan )."


Wharton guy thinks, "Uh, oh, now that he's told me, he's going to have to kill me."

" and I also know a whole bunch of folks
that have money in your Bank,
and do business with your Bank, and
who are now invested in CNC,
( one of them called GECapital, ) and who,
unless you roll over my debt,
they will pull their cash and business out out
of your Bank and you will have a lot of
explaining to do to your Board and shareholders.


Wharton guy: "Is this guy trying to extort me? I better visit the legal guys after this. At any rate, if this guy's so desperate he has to resort to threats, maybe 75 cents on the dollar is too dear for the debt we're trying to sell."



To: Tunica Albuginea who wrote (1808)7/13/2000 8:06:27 PM
From: Forrest  Read Replies (2) | Respond to of 4155
 
The bank also has to figure what are its chances of getting its money back working with Wendt.

vs

What are its chances in Chapter 11.

If they like Wendt they might even lend him more money.