Scot Ralls Letter, 2

Draft of a letter to Scott Ralls required by the WARN act, contains information such as the number of people in each specific job that will be affected by the closing of the plant

John Mebane Letter to Creditors

Letter provides more information on why the mill decided to close. Mebane provides three specific reasons: 1) liquidating now will allow the company to pay off all its creditors 2) projected losses would threaten ability to pay off loans 3) mill would suffer further financial losses based on future market projections. The company has also selected a company willing to buy its machinery and has plans in place for future sales of assets. Also notes that the company will try to avoid bankruptcy

Scot Ralls Letter, 3

Draft of a letter to Scott Ralls required by the WARN act, contains information such as the number of people in each specific job that will be affected by the closing of the plant

Mebane Letter to Creditors

Letter provides more information on why the mill decided to close. Mebane provides three specific reasons: 1) liquidating now will allow the company to pay off all its creditors 2) projected losses would threaten ability to pay off loans 3) mill would suffer further financial losses based on future market projections. The company has also selected a company willing to buy its machinery and has plans in place for future sales of assets. Also notes that the company will try to avoid bankruptcy

Grogan Letter

Letter from David Grogan to Johnny Gates regarding a draft of the liquidation plan for shareholders, the draft was enclosed.

Draft, Letter to Shareholders (1)

Explains that the mill will cease operation on June 22, 1996, and more general information on how the liquidation is proceeding, such as notifying employees, paying creditors, curtailing operation costs, etc.

Draft, Letter to Shareholders (2)

Explains that the mill will cease operation on June 22, 1996, and more general information on how the liquidation is proceeding, such as notifying employees, paying creditors, curtailing operation costs, etc.