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To: interesting man who wrote (1190)12/23/1998 8:54:00 PM
From: MoneyMade  Respond to of 15987
 
MPTV---To: M. Dion (1824 )
From: Patrick Lauder Tuesday, Dec 1 1998 8:02AM ET
Reply # of 1888

I talked to Jim yesterday, everything is looking very good for the loan. They expect to receive the letter this week and close the deal before the end of year. They had to issue shares to cover debt payments. If this loan goes through, which I believe it will, there will be no RS until earnings are established. I think Jim will pull this thing off. It all hangs on the loan and from what I'm hearing from Jim it looks very positive. They met in Las Vegas last week. Just next door and across the street from The Tropicana, two major projects are in the works by major hotel/casino/timeshare developers. The lender is anxious to get a foot hold in Las Vegas. The lender cannot lend to a Marriott or Disney as they fund their own projects. They must find little companies like MPTV with real projects. They like the idea of being involved with the receivables. Also MPTV has a good amount of colateral to back up the loan and reduce the risk. They will get a reasonable interest rate and be rid of all the other lenders. The Tropicana will get about 9 million in face lift. I think there is big money to be made by averaging down.

IMO, Pat