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mordicai

11/30/06 9:38 PM

#22640 RE: gabeh #22638

chapter 11 does that, and selling the whole business off via the stalking horse bid procedure, can keep the business whole, without the buyer wasting capital to give the squm shareholders something and getting rid of the unsecured debt, and even perhaps part of the 3.6 million secured debt. will make the new squm much more viable and attractive to buyers.