CompuServe Messages

Mark, Creditors have also been known to take X loss now rather than 2X loss later. From what I understand, the company is now in technical bankruptcy now…meaning the compan owes more than the company is worth. So yes, they'd lose in a liquidation, but they stand to lose even more if they lend more money…because that puts the balance sheet even deeper into the red. Re-negotiating the loans may lower their monthly payments, but it won't do anything about the negative net worth. Either would new loans, in fact…as I said, that'd make the net worth even more negative…but *could* add the capital necessary to produce and distribute products. So the question is whether it's worth a gamble on current products and based on the report…sales of the 'savior' products doesn't seem to justify any infusion of new capital. The only hope I see is a major new stock issue…unfortunately, since the current price of Commodore Int'l stock is so low…it'd take several 100 million new shares to have any real effect…and I'm not so sure investors are willing to bet that much on Commodore. As to Medhi and Irving wanting to hold onto the company…what company? With a negative net worth…there really is no company. Don