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

To: CoffeePot who wrote (145)	1/14/1999 7:42:00 PM
From: David Sirk	Read Replies (1) \| Respond to of 476

HOPE everyone got out!!!! I was able to sell at 2 today. This whole thig startd with the BLOOMBERG Article! Now we got a BLOOMBERG article saying that they have no intention to sell. If that ends up in the NY Times tomorrow or if Maria on CNBC reports that the Disney buy out might not happen. This stock will go to .25 in a heart beat. On the other hand if there is a PR saying that DISNEY will buy For such and such a share than you got another double! I'm quite happy with 300% the risk reward at this point is very daunting to say the least.

To: CoffeePot who wrote (145)	1/14/1999 7:46:00 PM
From: JEM	Read Replies (1) \| Respond to of 476

Don't know if this will help, but here are some relevant blurbs from the last two GBFE releases concerning Senior Notes, etc. It was my understanding that there still exists some kind of standstill agreement, but there has never been anything in writing that I've seen that said it was 'completed'. JEM ---------------------------------------------------------------- NEW YORK--(BUSINESS WIRE)--December 9, 1998--Golden Books Family Entertainment, Inc. (NASDAQ-GBFE) (the "Company") today updated the market on its ongoing restructuring efforts. While the Company continues its discussions with the Steering Committee representing the holders of its 7.65% Senior Notes due 2002, representatives of the 8.75% Convertible Trust Originated Preferred Securities due 2016 (the "TOPrS"), and other creditor constituencies in connection with a possible restructuring of its indebtedness, the Company is not proceeding with the transactions outlined in its press release of November 5, 1998. ---------------------------------------------------------------------------------------------------- NEW YORK--(BUSINESS WIRE)--Nov. 5, 1998--Golden Books Family Entertainment, Inc. (Nasdaq: GBFE) (the "Company") announced today that it is completing a standstill agreement with the steering committee (the "Committee") representing the holders of approximately $100 million of $150 million in aggregate principal amount of the Company's 7.65% Senior Notes due 2002 (the "Senior Notes"), pursuant to which the Committee would agree to take no action against the Company through February 16, 1999, including with respect to the Company's decision, as heretofore announced, not to pay interest due on the Senior Notes. As part of the standstill agreement, the Company's indebtedness under the Senior Notes will be further supported by a lien on specified additional collateral. The standstill agreement is subject to final negotiation and execution of definitive documentation. The Company also announced that it has received a commitment letter from the CIT Group pursuant to which, and subject to the execution of definitive documentation, it may borrow on a secured basis an aggregate of up to $45 million. Such financing arrangements will, in part, replace the Company's current $30 million working capital facility, which will be repaid out of a portion of the proceeds of the new loan. In connection with the foregoing standstill and financing arrangements and, upon terms and conditions to be finalized, Golden Press Holdings LLC ("GPH") will agree to convert its secured loan to the Company in the presently outstanding amount of $10 million to an unsecured obligation. GPH will also waive and release the collateral heretofore granted to it with respect to the previous borrowing, and will be relieved of its obligations to loan up to an additional $15 million to the Company. The Company also announced that, pursuant to the documents governing its 8.75% Convertible Trust Originated Preferred Securities due 2016 (the "TOPrS"), the Company is exercising its right to defer the payment of interest on the TOPrS from November 20, 1998 until February 20, 1999. Finally, the Company announced that, with the consent of the holders of its Series B Preferred Stock, the dividend due November 1, 1998 on the Series B Preferred Stock was not declared or paid. The Company will be conducting discussions with the Committee, as well as with representatives of certain holders of TOPrS representing approximately 56% of the approximately $110 million aggregate principal amount thereof, respecting an overall restructuring of the Company's indebtedness. The Company has paid and will continue to pay its trade obligations. As previously announced, the Company has retained Allen & Company Incorporated as its financial advisor to explore strategic alternatives. The Company is actively pursuing such alternatives, as well as implementing various cost savings measures.

To: CoffeePot who wrote (145)	2/16/1999 3:36:00 PM
From: nokomis	Respond to of 476

Do you really think they'd let Lassie and LULU go bust? (is this what you meant by GBFE being "a dog"?). The company's press release today reiterated its strong allliances with AOL, etc., it's restructuring initiatives and commitment to making its web site even more accessible and attractive to all those moms and pops. Factor in interest form Disney (who says this is dead?) and you get a rarely seen opportunity to buy in to GBFE at the bottom and ride it back up. Sure, it takes courage to jump in now. But that's how money is made in this market.