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To: James Harold Alton who wrote (7632)8/9/1998 12:48:00 PM
From: JOE MEDSKER  Read Replies (2) | Respond to of 19331
 
<<<<I do not believe that the information from page 28 of the annual report includes any of the Muller shares>>>>

JHA,
You are correct, it does not. When Joe made the decision to put the film library on the market-after 3/31/98-the balance of the Muller Media shares were repurchased according to the contract. As you stated, $3 million of the buyback money went to the repurchase of the Muller Media shares.

Best Regards




To: James Harold Alton who wrote (7632)8/9/1998 1:08:00 PM
From: Art Vandelay  Read Replies (1) | Respond to of 19331
 
James,

So if the 1,749,058 for 582,500 shares does not include Muller, does that mean we paid $3.00 a share to repurchase these shares?? If so, why on earth would we do that?

AV


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