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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (26503)	2/3/2002 4:25:41 PM
From: Rich1	Respond to of 99280

Still have that Gap at 5 and change to cover on VLNC...

To: Zeev Hed who wrote (26503)	2/3/2002 5:26:19 PM
From: Larry Brubaker	Read Replies (2) \| Respond to of 99280

<<what are the $17 MM in long term assets? Is that part of the deal with Berg and it can "easily" be converted to cash to support their still heavy $10 MM burn rate per quarter.>> If I understand correctly, these assets are loans from Berg's REITS that were signed over to VLNC in a previous financing. I also believe these assets are required for collateral for subsequent loans that Berg has provided to VLNC. Therefore, I don't think these assets can be converted to cash to support the cash burn.