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Re: Lownumba post# 9076

Tuesday, 07/08/2003 9:23:15 AM

Tuesday, July 08, 2003 9:23:15 AM

Post# of 32435
lownumba, they are stating ...

... in the 8-K that they can service the debt and still have free cash flow, as long as they are left alone for 90-120 days, in order to stabilize the corporate framework and see the results of cutting the deadwood out of the structure.

I was impressed with the warnings. They didn't look like boilerplate, so much as a sincere statement from a new management team indicating that they don't have a complete handle on the size of the problem, but believe the corporate cashflow/assets can support and grow it ...

... if they get the time.

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