RE: Transwestern Fair Value

There is fair value, and you can figure it out by comparing the Form 2 with the GAAP financials.

-----Original Message-----
From: Howard, Kevin A.
Sent: Tuesday, November 06, 2001 8:51 AM
To: Hayslett, Rod
Subject: RE: Transwestern Fair Value

To confirm, in tpc's financials, tangible net worth does not reflect any increase for fair value. I seemed to recall that the 1B in equity included such amount.
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