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Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC -- Ignore unavailable to you. Want to Upgrade?

To: ilh1 who wrote (136)	1/14/1999 3:56:00 PM
From: Forest Gump	Respond to of 476

Lemmings.... I bought yesterday at 11/16 and bailed today @ 1 7/8.. Best not to get to greedy

To: ilh1 who wrote (136)	1/14/1999 3:59:00 PM
From: JEM	Read Replies (1) \| Respond to of 476

I have no idea. Can the MMs manipulate this much? JEM

To: ilh1 who wrote (136)	1/14/1999 6:28:00 PM
From: dog76	Read Replies (1) \| Respond to of 476

There is a large short being passed around

To: ilh1 who wrote (136)	1/14/1999 6:52:00 PM
From: CoffeePot	Read Replies (3) \| Respond to of 476

Default on Senior Notes,, On September 15, 1998, the Company announced that it was deferring, at its option, a $5.7 million interest payment on the Senior Notes due on such date for a 30-day grace period in accordance with the Indenture governing the Senior Notes. Subsequently, on October 15, 1998, the Company announced that it would not pay the September 15th interest 11 <PAGE> payment. Accordingly, at October 15th the Company is in default under the Indenture and as a result, the holders of the Senior Notes have the right (i) to declare that the entire $150.0 million principal amount of the Senior Notes is currently due and payable and (ii) to foreclose on the collateral securing the Senior Notes in accordance with the terms of the Indenture and the Security Agreement between the Company and the Indenture Trustee dated June 2, 1998. The Company does not have sufficient resources to repay this obligation. As a result of the default, the Senior Notes have been classified as a current liability on the condensed consolidated balance sheet.