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To: Thomas Dremel who wrote (17338)	2/12/1998 5:44:00 PM
From: WeisbrichA	Read Replies (1) \| Respond to of 97611

Tom, Where does the other offsetting debit for the expense of factoring go when one sells Receivables for cash. Is it an expense or considered a contra account like allowance for uncollectible? What? RW

To: Thomas Dremel who wrote (17338)	2/12/1998 7:42:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 97611

Thank you Tom.D C.P.A, where were you this morning when we needed you. <gg> Oh well, better late than never. Well said Tom. Factoring acct receivables makes sense if it improves profits - this is Mason's reasoning as CFO. I don't think the WSJ writer knows diddly about finance and how to improve the balance sheet. Nothing but garbage info from the article. Nothing to worry about, the stock will bounce soon. Tom D (CPA that understands factoring as a way of improving the balance sheet)