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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (487)	3/29/1999 11:37:00 PM
From: golden_tee	Read Replies (1) \| Respond to of 10293

You read what your want to read! Read the whole passage! I quote: "Now, typically for a company in VLNC's financial straits, "shipments are imminent" would not be a panacea (like crude in the ground was not for Arakis), but once they ship $4 MM (by hook or by crook), few "standby" financial resources become available, including another $7.5 MM from Baccharat Electronics and $39 MM from IDB (over a period ending Oct 2001). This IDB money is not funny, it is real good money, it is grant money (if VLNC keeps certain employment levels in Ireland for 4 years after the end of the grant period, otherwise it becomes debt to the US company). I believe this is one of the reasons the stock is holding well and ***** one of the reasons the floorless bandits agreed to change the terms on the first tranche of $7.5 preferred to non floorless.**** All these "warnings" Razor, are just to let you know that unless you hold a chunk of that preferred yourself, shorting this puppy is not riskless. the likelihood of one materializing before July 27th (the next floorless deadline) is diminishing. Note the part in ***'s. You are wrong, and probably short. Listen to what Zeev says, shorts are doomed if only a petty $4M contract is announced. The Prez has stated that he could get that "As a favor"