[sbj99]

One more thing. If any of my above post is accurate, and they have to depend on their lenders to satisfy cashouts, here's some more doom and gloom. The banks have got them by the balls now.

From the sep. conference call...

Martin Weigold:
<<I would also add that this industry is unique in a number of ways. And in respect of the capacity for bank debt, it is limited in terms of the number of banks that would participate. And I think that the existing source that we’ve got is pretty close to that limit.I’m pleased to say that we got to the maximum that we wanted to raise and thought we were going to raise. But if you compare it to any other players in the industry, you could add every other piece of debt in the industry together, it’s not as big as our debt.>>