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To: Brady B. who wrote (257)1/24/1999 1:01:00 PM
From: Jon Tara  Read Replies (1) | Respond to of 2003
 
Brady "stock and cash" isn't accurate regarding the BFL acquisition. Most of the $35 million is being paid using a 2-year note. A balloon payment, if you will.

One has to wonder about the quality of the property, if they are willing to accept a 2-year note from a company that may or may not be able to pay the note in 2 years. I would think that a quality Internet property would go for cash or for stock in a quality company.

BTW, Brady, I also answered Maurice by PM, which is why he thanked me and PT. I gave essentially the same answer as you, except that I depicted the BFL acquisition accurately. I also suggested that the proxy material is the best source for this information.