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To: Bonnie Bear who wrote (2838)	7/8/1998 1:24:00 PM
From: S. maltophilia	Respond to of 86076

BB re CRWN Do you have a source for real estate and lease info that would indicate value in excess of balance sheet? From 10K: The Company leases all of its retail stores. The total future minimum payments for the Company's retail store space (excluding closed stores) and equipment aggregate approximately $178,489,000 to the lease expiration dates and approximately $180,111,000 to the lease expiration dates (including closed stores). The lease expiration dates (without regard to renewal options) range from 1998 to 2010.... There is a lot more going on below this passage with leases and lawsuits between CRWN and the Hafts. By the way, check this out for a good laugh. messages.yahoo.com@m2.yahoo.com No other good info there.

To: Bonnie Bear who wrote (2838)	7/9/1998 12:44:00 AM
From: Jean M. Davies Schmith	Read Replies (4) \| Respond to of 86076

Bonnie Bear! I thought you would have retreated to the woods by now! You stated in re Crown: "Their real estate and cheap leases were worth a lot more than their balance sheets indicated." Where in hell did you get that foolish idea? "Cheap leases" frequently become a major liability to companies with cash flow problems. The troubled company ends up paying just to get out of them, and the next occupant becomes the beneficiary of these "cheap leases." Be careful about disseminating opinions and guesses as information. Someone may actually read what you write. Jean