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Re: None

Tuesday, 06/21/2005 3:05:20 PM

Tuesday, June 21, 2005 3:05:20 PM

Post# of 326400
Personalizit: the lien, IMO, is the Virgin lawsuit. In other words, you wouldn't buy a house that was encumbered by a tax lien would you? You would be buying that debt in addition to the house. Same thing here. Microsoft (or whoever)is not going to buy 20% or partner up with a company that may go bankrupt in litigation (especially given that they are fighting with a powerhouse like Virgin who has much deeper pockets. They would either wait for the matter to be settled or possibly wait for the Chapt 7 and scoop up the pieces at bargain prices. I'm sure they would prefer the latter but it doesn't look to be the case here.