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To: peter michaelson who wrote (606)6/3/1998 4:02:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 2414
 
Plus a secondary offering in 1999 can solve the capital requirement. Also, they can offer preferred stock to various parties to also solve this problem. The capital requirement at $500M also implies almost a tripling from today's $172M which is a lot more that 15 %.