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t <br /> Plan outline <br /> May 17 , 1993 <br /> Page 11 <br /> is somewhat less in percentage terms than Steve apparently <br /> projected. I suspect this is the result of netting out tax liens <br /> and bankruptcy priorities such as legal fees and priority taxes. <br /> I hope that this memo helps all concerned to visualize <br /> how distributions might work under the Plan and how the Plan <br /> might be implemented. I look forward to discussing this with you <br /> further, with a view to getting a plan filed in June. <br />