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Microcap & Penny Stocks : Emerson Radio Corp (MSN) -- Ignore unavailable to you. Want to Upgrade?

To: tony mendoza who wrote (2140)	1/3/1999 3:45:00 PM
From: Craig S. Owens	Read Replies (1) \| Respond to of 3501

Does a company pay creditors with stock? I always thought Accounts Receivable (Sales) was your means to reduce debt. I also thought we had more than 30 million shares outstanding. However you ask a good question. I will take a look at my report that just came in the mail Saturday.

To: tony mendoza who wrote (2140)	1/3/1999 7:53:00 PM
From: Tony Rome	Respond to of 3501

TONY M They can't pay creditors at current levels and that is why Stelling and Barclay bank filed a motion to dismiss the original agreement which was to pay debt from sales of shares set aside { settlement shares } for payment . Creditors also agreed to recent offer by Oaktree.They probably figured that something is better than nothing at present,since the wait for their money would be long if the Judge sticks to original agreement. The risk element is ever present,but Oaktrees offer gave the Judge more time before making final decision. So once again ,we wait. =========TONY ROME========