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To: Big Dog who wrote (88276)	3/1/2001 6:52:03 PM
From: Big Dog	Read Replies (2) \| Respond to of 95453

Re FGH...I'm trying to get some perspective, but it looks to me like Chap. 11 is around the corner. Even IF rigs start being ordered (which I think they will) it is highly unlikely anyone will risk doing business at FGH. I wonder how the company will perform on its backlog of business? This will be a very interesting scenario to watch play out. I suspect what is needed is for a 'name brand' industrial player to buy the company, put on a fresh face/name, flush management and get a new start. This may be already widely known, but I was told today that 35% of the salaried employees got the boot last Friday. It will be interesting to see what becomes of the Bingo rigs, how the bonding company plays their cards and what the creditors will do. Seems also like it would be tough for FGH's best customer, Noble, to continue to do business with FGH -- since they have to be concerned about fiduciary duty and all. What a mess...but maybe a DCB is shaping up unless the cat has 7 more lives before it's REALLY dead. big

To: Big Dog who wrote (88276)	3/1/2001 9:04:23 PM
From: tommycanuck	Read Replies (1) \| Respond to of 95453

Been watching both sides of the fence here for the last week or so. The excitement over the "DAWG" coming back from the far east was a highly anticipated event. Don't know you from Adam but didn't have the heart to tell em that you'd be staying here for the most part. They don't understand the independent and principled nature of those that have lived and died in the patch over the past couple decades. Only sure bet on the board right now is that the boys over there won't be able to withstand the criticism even from afar. Saying that JQP won't show here again for the odd snipe is like saying we've hit another bottom on the Naz. Maybe but not likely. Regards TC