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To: ted quinn who wrote (6382)10/3/1998 1:33:00 PM
From: ted quinn  Respond to of 8193
 
Leverage and Subordination
The Company is highly leveraged. In connection with the
Original Offering, the Company incurred $300 million of indebtedness,
increasing the Company's total debt to approximately $358 million and
resulting in a ratio of total debt to equity (expressed as a
percentage) of approximately 88% percent, as of June 27, 1998. In
addition, as of June 27, 1998, the Company has guaranteed or is
directly liable for payments under operating leases payable over lease
terms ranging from five to seven years and aggregating approximately
$509 million. Moreover, the Company expects to incur substantial
additional direct or guaranteed lease obligations in connection with
its manufacturing joint ventures.




To: ted quinn who wrote (6382)10/3/1998 7:26:00 PM
From: ProCaddy  Read Replies (1) | Respond to of 8193
 
Teddy, Believe me Mr. Teo is not tapped out, And no he didn't risk a lot of his equity from his plastics business's. Mr. teo is a smart investor and we will all benefit with him on the board. Just give it some time. Time is on our side.



To: ted quinn who wrote (6382)10/4/1998 8:48:00 AM
From: dacoola  Read Replies (1) | Respond to of 8193
 
Ted,

As usual, you got my juices going. I could not agree more with you on the Hack situation and his performance over the past three years.

Your comments on Alfred Teo, however, are 100% wrong.

Great post though, anyway.