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To: soozathelooza who wrote (17360)	2/12/1998 9:29:00 PM
From: K. M. Strickler	Respond to of 97611

You know, all this selling of the receivables stuff, I would like to know what the 'discount' is. It might be pretty good as a receivable, so the discount rate might not be that bad! Bankers might pay pretty good, what with the interest rates at an all time low! This might be better and quicker than mortgage paper! The extra cash could be used for a lot of stuff, maybe buy stock stock <gg>! Maybe the payoff to release some of the 'overhead'! Who really knows, but the new management has the paper clean, and I'm sure that they will do everything in their power to see that all goes well! Ken

To: soozathelooza who wrote (17360)	2/12/1998 11:56:00 PM
From: Roads End	Respond to of 97611

soozathelooza.....you are the second post to mention the currency issue in selling A/R and it is one I hadn't considered. As a strategy this action makes perfect business sense to me. In the past few quarters the dollar's move against other currencies would have far out weighed the discount that would be extended in selling the A/R. Point well taken, good post.