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To: syborg who wrote (9549)	2/18/1998 2:59:00 PM
From: harryl1	Read Replies (1) \| Respond to of 14631

FreeEdgar shows a 13G filed today related to the fletcher deal. Are they using the low year need price as a point to convert their preffered to common? Wow -- they may indeed make more than a bundle.... off topic Could we get SI to reject posts from folks with three g's in their name?

To: syborg who wrote (9549)	2/18/1998 8:31:00 PM
From: Mark Rutheiser	Read Replies (1) \| Respond to of 14631

Are you implying that the $60 million from the property sale was included in the net? On a property sale, just the profit or loss can contribute to the net. You would have a $60 million reduction in liability (loan on the property) and a reduction in the asset (you don't own it anymore). Unless of course there was no money owed on the property. Then that is a different story. From what I understand, the land deal helped with cash flow not with the net earnings.