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Non-Tech : Imperial Sugar (IPSU) -- Ignore unavailable to you. Want to Upgrade?

To: Patentlawmeister who wrote (63)	1/2/2003 4:38:31 PM
From: Crossy	Respond to of 121

Cuda, sometimes it makes sense to keep a low profile, if you want to "peddle" your shares to "friendly" white knight type of shareholders at a discount.. but the shareholder plan put an end to any such manoevers, if they had ever existed.. Actually I would rather want IPSU to move to the NYSE directly. Lehman could do wonders here I guess.. rgrds CROSSY BTW: MPOW.OB I get the feeling that something is brewing. Just don't know exactly what..

To: Patentlawmeister who wrote (63)	1/3/2003 10:32:59 AM
From: Crossy	Read Replies (1) \| Respond to of 121

Cuda, looks like we are consolidating above $5, but don't forget we will get our 10Q soon and the new book value figure I stipulated here will be in there. Still expect around $13-15 book value per share and some new bits of info actually shift the bias more to the upper bound, maybe even more.. Max add to book value would be : (($150m - Book value of assets sold - $10m (NOL Carryforwards)) * (1-TAXRATE) ) / # shares (=10m) in case no charges are offset this quarter assuming: Book value of assets sold = $40m and Corp Tax rate of 40% (may be a wrong assumption here but I'm not sure) -> ($150m - $50m) * 0,6 / 10m = $6 per share.. .. means Max. Book value around $16. So $13-15 is a reasonable estimate I guess.. rgrds CROSSY