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•` ' ` Page 4 <br />However, bankruptcy courts routinely consider motions on an <br />emergency basis, and the Lender Group has an interest in <br />resolving the issues raised in our letters of January 5 and <br />January 10. The Lender Group -- and Powderhorn's parent <br />~ companies -- may conclude that it is in their best interest to <br />settle these issues rather than litigate them, especially in <br />light of the possible AVS (Applicant Violator System) <br />ramifications of a DMG cease and desist and bond forfeiture <br />order. (See, pp. 23-26 of DMG's Objection to the Lenders' <br />Motion for Adequate Protection and for Relief From Stay With <br />P.espect to the Proceeds of the Sale of Powderhorn Coal Company's <br />Machinery and Equipment in Colorado.) <br />I'J . <br />We reiterate that the replacement bond -- along with any <br />necessary approval, including approval from the Bankruptcy Court <br />-- must be completed, and the replacement bond must be in place, <br />by close cf business March 19, 2001. No fur*_her ex*_ension car., <br />or will be, granted by DMG. <br />Sincerely, <br />FOR THE ATTORNEY GENERAL <br />ROBERT D. <br />Assistant Attorne eneral <br />Business and Licensing Section <br />(303) 866-5153 <br />(303) 866-5671 (FAX) <br />Encl. / <br />cc: V/ <br />Michael Long <br />Cheryl A. Linden, Esq. <br />AG F:1e: P:\RL\RLCLARP.D \POW DERHORN COAL\NOV ABATEMENT ftE5 PON5E L. DOC <br />