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The following archive was created by hippie-mail 7.98617-22 on Sat Apr 10 1999 - 01:17:17
Warren E. Agin (agin@tiac.net)
Thu, 5 Nov 1998 09:20:18 -0500
Finally, some real meat for a bankruptcy/technology lawyer. I've
been predicting for some time now that technology
companies will start to use the bankruptcy process as the industry
starts to shake out. The PR aside, these filings are generally
prompted by one or more strata of large debt obligations or
convertable securities, and the company's inability to continue to
make required payments. What DigiCash will probably do is
restructure its existing debt structures while seeking partners to
obtain additional cash flows needed to continue operations.
I'll be interested to see how it all works out.
-Warren Agin
Boston, Massachusetts
> FYI...
>
> DigiCash Inc. to File Reorganization, Seeks Partners to Drive eCash Forward
>
> PALO ALTO, CALIF.--November 4, 1998
>
> DigiCash Inc. has announced that it is entering into a Chapter 11
> reorganization to allow it to pursue strategic alternatives for its
> electronic cash ("eCash" T) products and the associated intellectual assets
> pioneered by DigiCash.
>
___________________________________________________
Warren E. Agin
Law Offices of Warren E. Agin
76 Canal Street, Boston MA 02114
(617)227-3201 (f)(617) 227-6365
www.agin.com
___________________________________________________
The following archive was created by hippie-mail 7.98617-22 on Sat Apr 10 1999 - 01:17:17