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To: Dexter Lives On who wrote (334)	6/21/2001 11:41:22 AM
From: LAURIE SELINE	Read Replies (1) \| Respond to of 449

Never try to catch a falling blender. Been sliced and diced to the tune of another 2/3 since my last missive. 0 looks pretty enticing. However, it will be interesting to see how this plays out. Chapter 11 I suspect. Who picks the bones? Vultures? I don't see many stepping up to the plate based on a 4% value on the debt. Black fiber sold on the open market? Hmm. What I'd really like to know is who is holding the secured debt and how much. Does the CN r.o.w. get sold off? Or... do the creditors sit tight and trade off debt for equity? There is a poker game to be played here. And I'd love to know who the players are going to be. Good luck all, L.