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Non-Tech : GENI: GenesisIntermedia.com Inc -- Ignore unavailable to you. Want to Upgrade?

To: Pink Minion who wrote (151)	6/29/2001 11:06:02 AM
From: Dale Baker	Read Replies (2) \| Respond to of 574

Icahn just wants to make some fees - looks like they won't pay up for any stupid schemes: Consummation of any financings under the facility is also subject to a number of conditions, including credit review of potential acquisition targets, lender due diligence of the acquisitions and other conditions to be set forth in the definitive credit agreement. I would be surprised if GENI ever gets to draw down even a fraction of this credit line. If they do, you can be sure all tangible assets will be secured back to Icahn.