CompuServe Messages

Steve — The auction is part of the compromise being worked out with the American creditors, as best I understand things. They want to be absolutely convinced they are getting the highest price. It is part of U.S. bankruptcy law, but not U.k. or Bahamian law, which are similar. He zeroed in on the C=U.K. bid basically, as I was told, because CEI didn't want to go first. They wanted to be in a position to top C=UK's bid. — Dan