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To: Glenn D. Rudolph who wrote (12351)8/2/1998 8:20:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
Good question. They could pay it off with a secondary offering and let the new stockholders absorb the junk. My post was awfully generous. I think the earnings dillution caused by stock options and increased float that becomes available plus the debt and increased competition factors will probably kill any chance for profits. But if 100% of things went the way management would like them to, they could turn a modest profit in 3-4 years. The chances of that are maybe 30%, IMO. The profits that speculators envision I give a -0.0% chance of happening; better chance that they will stay negative and the company will be sold to pay off debtors, including the Senior Debt holders.