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To: Zeev Hed who wrote (1418)10/25/1997 8:57:00 PM
From: Rational  Read Replies (1) | Respond to of 2544
 
Zeev: CIBC Wood Gundy underwrote the Preferred issue and B&S holds very little of any Conv. Thus, BS's interest is aligned with first debtholders (since they have lent a lot) and then with shareholders because they hold 3.3 mil shares if not more.

Sankar



To: Zeev Hed who wrote (1418)10/25/1997 10:00:00 PM
From: Ray Dopkins  Respond to of 2544
 
>>They are not going to clean the mess, they are going, at best, "repackage" the mess

Very true..LOL <g>

Ray