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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (15892)9/21/2001 2:23:21 PM
From: torquatus  Read Replies (1) | Respond to of 18998
 
Mr. Pink,

With no cash and 3/4 of the credit facility tapped out, does Mr. Pink really think flyr can pay all the severance checks? And won't the bank cut off the rest of the revolver if it doesn't meet the cash flow covenants? It looks like this hit at the absolute worst time, when it depleted its cash with the sato acquisition.


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