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                 MINI-UPDATE: Jason Compton, IRC #auction
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[Last night, I held a brief conference to update the users on IRC channel
#auction of the day's proceedings. -Jason]


The News, as best as I can present it, as of 4-20-1995, about 10:00 PM
Eastern US time...


OK.  Today, the only valid bid presented to the liquidators was from
Escom.  Two other bids were presented.  One, from a California-based
dealer was rejected because they could not put up the necessary deposit.

The second, from Dell (PC-clone manufacturer) was rejected because it
dictated a 7-day investigation period on patents.   The liquidators ruled
that any and all conditions were unacceptable, which is why Alex Amor and
presumably David Pleasance did not bid. 

So, Escom's standing bid of $5 million was accepted.  NOW-Tommorow Judge
Garrity will be ruling on the objections to the sale.  In addition to the
objections from the C= US creditors, the liquidators of Commodore
BV/Philippines/Netherlands/UK, and IBM... 

He will ALSO have objections from Alex Amor, very probably from Dell, and
possibly from David Pleasance.  Essentially, Dell and Amor are both
willing to offer more than the Escom $5 million and can't fathom why their
bids have been rejected or invalidated.  Amor told me he hopes to get the
judge to open the courtroom floor for bidding right there and then.  How
likely this is, I have no idea.  <deep exhalation> That's all I know.

Jason Compton
Editor-in-Chief, Amiga Report Magazine
jcompton@xnet.com