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To: Ditchdigger who wrote (23727)12/4/1997 7:47:00 PM
From: michael d kugler  Read Replies (2) | Respond to of 55532
 
Not sure when the re-appraisal took place. But the company seemed to come up with a $741,000 number at any rate. I don't know how much of that is unpaid, at any rate. It would appear they are seeking some concessions.

I did not see any concessions demanded in the Ekrhen deal, strangely enough. (wink)

I have heard it was a quality operation, but perhaps not worth the full 1.5 million.

Present management initiated a look bacfk on all their acquisitions, and wrote them down.



To: Ditchdigger who wrote (23727)12/5/1997 6:11:00 AM
From: shades  Respond to of 55532
 
<November 2nd, 1997, > thats what I thought. I was under the impression, at that time was when the value of the 144s was supposed to be equal to $1.5m. Thats why I couldn't understand a suit prior to it.Why would Olympus have agreed to this deal in 1995 if the equipment was worth $1m. Odd that 14 months later an apprasial was done(Jan 97)
DD

That is like me trying to place the blame on you for the generation that came before, you CANNOT do that.


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