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Non-Tech : MFN Mercury Finance -- Ignore unavailable to you. Want to Upgrade?

To: Emec who wrote (1070)	3/13/1998 8:42:00 AM
From: rwlgambler	Read Replies (1) \| Respond to of 1239

i spoke with Mr. Brandt March 6th, while he was in europe ( he sits on the board of directors for another company over there), here is a condensed version of our conversation. Mr. Brandt stated that under the forbearance agreement mfn has repaid over $400 millon dollars to date, and says "mercury's fortunes continue to improve", he actually repeated this phrase three times during our conversation. As far as the forbearance agreement is concerned there is no need to renew it, as the creditors r happy with the current position mfn is in, and both Mr. Brandt and the creditor's did not want to waste time or money, with a new forbearance agreement, and Mr. Brandt states that if they did it would be strickly to calm the shareholders , but it would be strickly cosmatic in nature, bacause all parties concerned do not feel the need for it. and before i get a lot of dumb questions about my relationship with Mr. Brandt, let me explain i am an intellectual giant, i picked up the phone and called him, and he returned my phone call from europe, folks u can be intellectual giants too, to find info or confirm info call mfn and ask for Mr. Brandt or Fred the Cheif operating officer. gambler

To: Emec who wrote (1070)	3/13/1998 8:58:00 AM
From: rwlgambler	Respond to of 1239

My opionion on the news.......... there are a couple of things that i got out of our conversation; 1.) mfn does not appear to be heading for bk anytime soon. 2.) the turn around seems to be further along then anybody thought. 3.) according to already filed 10k's , as of feb 15th, 1998 approxiamently $187 millon of principal has been repaid to creditors under the forbearance agreement, so where did all those other millons come from ( remember he said over $400 millon repaid to date). we know they got a huge tax refund ( about $57 millon if i remember correctly, but here is where my opionion comes in, remember all those millons they tucked away for loan loss reserves, they stuck enough money to cover a 50% loss, i believe there losses to be somewhere around 20%, anyhow, i believe they r bringing back this excess cash to the bottom line, thereby paying down the debt so much, that the creditors r no longer concerned, and now i believe mfn is busy putting long term financing in place, and should be completed within the next 3o days. once again, only my opionion, gambler

To: Emec who wrote (1070)	3/15/1998 7:13:00 PM
From: Always Moving	Read Replies (2) \| Respond to of 1239

David, Bought MFN 3-4 times 3/97, still own a ton. It absolutely feels like the momentum is getting ready to swing here. I'm glad I hung in there and after this long, I'm stayin till we see where this end up. I signed up for the 30 days because of wanting to be involved with Joe and some of the people he attracts. I'm pissed as hell because of the foolishness that caused him to leave the thread he started. It seems that no matter where you go there are "dogs" waiting to soil the area. Interested in continuing to hear your thoughts on MFN. Gary