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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (10730)	2/24/2003 4:48:19 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

What news? Anything we don't already know about scorched earth?

To: Due Diligence who wrote (10730)	2/25/2003 8:31:35 AM
From: xcr600	Respond to of 48461

This one is a real gamble now.. could wake up one morning at 1.00 or zero. Dow Jones Business News Boots & Coots Considers Possible Chapter 11 Filing Tuesday February 18, 11:39 am ET HOUSTON (Dow Jones)--Boots & Coots International Well Control Inc.'s board is considering a restructuring proposal from creditor Checkpoint Business Inc. that would entail a Chapter 11 bankruptcy filing. ADVERTISEMENT In a press release Tuesday, Boots & Coots said it is considering Checkpoint Business' proposal and other alternatives, but hasn't made any decision yet. Boots & Coots said at the end of January that it had been notified by Checkpoint Business of several defaults under a loan agreement for working capital of up to $1 million. The company said at the time that it believed it had resolved all matters related to the default notice. Tuesday, Boots & Coots said it has executed an agreement with Checkpoint Business that allows it to receive an advance under the loan agreement. However, Boots & Coots said Checkpoint Business hasn't waived all alleged defaults and doesn't believe Boots & Coots is in full compliance with the terms of the agreement. If Checkpoint Business doesn't waive the alleged defaults, it could foreclose on the stock of Boots & Coots' Venezuelan operations, among other actions. Company representatives weren't immediately available to comment on the amount of the advance under the loan agreement or on the impact any foreclosure would have on Boots & Coots.