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Show agii&aassffiti THE NATIONAL ENTERPRISE, OCTOBER 5, 1977 ft divisions liquidating i heating division for approximately , $450,000 about 70 percent of estimated value. He also agreed to rejoin Dynapac to help liquidate assets and pay creditors. He had resigned as president in 1973 and resigned as chairman in 1976. After clearing debts to the bank and Jonco, Margetts negotiated agreements with 140 Dynapacs remaining creditors and suppliers to pay them $350,000 over a one-yeperiod at 7 percent interest. Since May, Dynapacs stock has been voluntarily suspended, but it is rumored merger negotiations are in the The company has works. repeatedly declined to name its suitor. Dynapac is also considering complete liquidation or partial liquidation and continued operations as a public company. Naturally complete liqui ar I dation is least favorable to corporate principals Jack Margetts, (with 56 percent of the stock); Phil Margetts, (14 percent) and board member Lloyd Ludlow (10 percent). Together they hold 80 percent of the company. Dynapac estimates its assets are worth approximately $700,000 which is sufficient to keep the doors open, according to the Margetts brothers, providing of course, Dynapac can liquidate at full value. value of patents But much of the company's value is in the patents it holds on a rocket launcher, a boat hull, quick flotation two patents on a camper unloader and an electric g sign. a possible $700,000 flare dispenser contract presently being negotiated with the Israelis and some $100,000 of If the Israeli receivables. contract is inked, it will be filled jointly with Jonco, which now owns Dynapac s duction facilities, 15 ma ast Mortgage Rates FHA 8.5 4 VA 8.5 EFFECTIVE MONDAY, JULY 18, 1977 pro- ities. . Considering sale Dynapac is also considering the sale of its boat and flare dispenser divisions which could bring $200,000 into the companys coffers according to the Margetts. Dynapac claims the two divisions have annual sales potentials of up to $500,000. display-advertisin- A glimmer of hope lies in i ? i ? j involved in Utah Housing Finance Agency I These rates were obtained by telephone conversation with the above institutions. The rates are correct to the best of our knowledge but their accuracy cannot be guaranteed. i ! i i i 1 ft fti ft' J V ;S1 ,9 1 j ' ,1 1 4 i ft . j |