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Technology Stocks : Avalon Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: OFW who wrote (95)	11/13/1997 5:07:00 PM
From: Madeleine Harrison	Read Replies (2) \| Respond to of 1530

Mads: Did you catch this critical statement? "The company is expected to complete its first major acquisition in January, 1998." My thoughts only, Offie, but it could just be legal's "CYA" statement. Unless something has changed since I spoke a second time with Mr. Hicks yesterday, matters are still very much on track with the lending institution. The last bits and scraps of info they came back and requested of AVAL were supplied and no further requests have been made. This w/e a company representative flies to Europe for a scheduled meeting Monday with the lenders. So! Normally, this type of transaction would progress this way, I think: If the lenders say yes, a letter of Committment would be issued to AVAL. That would be this month. More paper work from the lawyers would go back and forth. And if all were still fine, the actual acquisition would occur in December. My hope is that the company will issue another press release when the letter of committment stage is reached. --Madly I really will try to post on other portions of my chat with Mr Hicks because it was quite interesting. Just very busy right now. -M