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SCORE BOARD INC. POSTS BIG LOSS; LOSES 28% OF WORTH

     Score Board Inc., a sports-memorabilia company, posted a
$13.8M fiscal third-quarter loss, "putting it in violation of
certain financial covenants and sending its stock down 28%."  The
shares, which traded as high as $19.25 in the past year, closed
at $2.625, down slightly more than $1, in heavy trading on the
NASDAQ exchange.  The 3rd quarter loss sent Score Board's
tangible net worth below a $37M minimum set by their bank.
Mellon Bank, Score Board's credit bank, agreed not to declare the
company in default through January 5 and the parties will attempt
to renegotiate the loan, Score Board said.  As of October 31,
Score Board's debt to Mellon was about $18M.  According to Terry
McEnvoy, VP at Janney Montgomery Scott Inc., the company's
problems in the last year "were exacerbated" by the death of Paul
Goldin, the company's chair and founder (Lisa Miller, WALL STREET
JOURNAL, 12/9).  In Boston, Bill Bimmons examines the boom and
bust in the card industry (BOSTON HERALD, 12/9).
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