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

To: Gush who wrote (2233)	1/28/1999 5:46:00 PM
From: BlueCheap	Read Replies (3) \| Respond to of 3501

The Hot Line is after 5:00pm on Friday's, BUT I did hear that the meeting was held and went quietly. The one thing that seemed to be brought out as being a FACT is that Jurick HAS VOTING CONTROL. The way I understand it, That means that the very least Emerson would be sold for would likely be $1.50. The reason I think $1.50 is a minim figure is this: Be aware I am not stating this as being a fact but the way I understand this is Jurick put his 30 million shares up for clitoral when MSN's stock was priced at $3. Creditors allowed 50% and That means the creditors have a $45 million dollar lean against those 30 million shares which are currently only worth $15 million. Now the question is, DO these creditors want the company sold at a current loss to them of $30 million? OR, do they want to allow Jurick to deal with BUYERS for the TRUE worth of the company. He has already stated that $.50 cents is completely unacceptable. My own observations are that this company should fetch at least $3, more is likely. I suppose we will wait and see what the Judge has to say. Regards, Malcolm