From: "Warren E. Agin" <agin@tiac.net>
Date: Thu, 5 Nov 1998 23:10:44 +0800
To: rah@shipwright.com>
Subject: Re: DigiCash Inc. to File Reorganization, Seeks Partners to Driv
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Message-ID: <199811051422.OAA10028@mail-out-4.tiac.net>
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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
___________________________________________________