 xO                                                                  document of OVER l00 pages entitled:
   Solicitation of Acceptances of Chapter ll Plan of Reorganization for Coleco Industries, Inc.  (Nov. 29, l989).

   It is a pCOLECO INDUSTRIES INC. MISC. INFORMATION. 
 
The following select information is from a document of OVER l00 pages entitled:
   Solicitation of Acceptances of Chapter ll Plan of Reorganization for Coleco Industries, Inc.  (Nov. 29, l989).

   It is a part of the Bankruptcy Court file on the Coleco Bankruptcy. 
 
l. Ranger Industries Inc. was formerly Coleco Industries, Inc. 
2. Debtors (includes Coleco Ind.) has sold or otherwise disposed of essentially allof their non-cash assets which were associated with the operation of their toy and game businesses. 
3. Debtors remaining assets consist of (l) cash, (2) payments due under an agreement with Hasbro, Inc. ; (3) proceeds to be derived from the liquidation of Coleco's usbsidiaries; (4) misc. inventory and other property held for sale; (5) misc. accounts receivable; (6z) prepaid expenses and security deposits; (7) tax refunds; (8) misc. real property; (9) misc. equipment and (l0) warrants to purchase one million shares of common stock of Hasbro, Inc. 
4. The is a PROPOSED bankruptcy court plan for this matter which must be voted on and approved by the court.  The following refere to the PROPOSED plan. 
5. The bankruptcy court plan calls for the distribution of substantially all such property or the proceeds thereof to creditors and shareholders. 
6. The bankruptcy court plan calls for payment in full in cash of all Administrative (Court costs, trustee fees, creditors committees, etc.), priorty claims (taxes owed, some wages,etc.) and Secured claims (those having a security interest, mortgage, lien, etc.) are to be paid l00% of their claim. 
7. Holders of claims under $5,000.00 are to get 24% of their claim in cash. 
8. Holders of other claims will receive 23-26 % of their claim. 
9. There are other arrangements for other classes of claims. 
l0. The Plan contemplates the emergence of a reorganized Coleco, now called Rangaer Industries, Inc. including the distribution of 4 million shares of common stock of Ranger to be distributed to unsecured creditors.  The plan contemplates that Ranger will engage in the business of acquiring income producing properties or businesses. 
ll. The Plan provides for 7 classes of claims and interests.  See the following : 
Class l: Administrative & Priority Claims, Asserted $20,600,000.; estimated allowed $24,750,000. l00%.  
Class 2: Secured Claims. $ll4,400,000. asserted; $2,300,000 estimated allowed.  (Difference is payments already made to secured claims during bankruptcy to date.).  l00% 
Class 3: Insured Claims.  Limited to amount of insurance coverage. 
Class 4: Small Claims (Under $5,000.each) $l,000,000. asserted; estimated allowed $l,000,000. .  24% 
Class 5 Qualifying Claims and 
Class 6 General Claims.
   Asserted $489,000,000.; estimated allowed $430,000,000. 23-26%. 
Class 7: Pold Preferred & Common Stock.  l7,800,000. SHARES asserted and estimated allowed. 
 
12. Coleco was a publicly held Connecticut corporation organized in l96l, and is the successor to the Connecticut Leather Company which was found in l932. 
13. Coleco had many subsidiaries including the following which did NOT file bankruptcy but none are currently operating entities and will be liquidated:  Coleoc (Canada) Ltd.; Coleco Industries Japan KK; Coleco Far East Limited; Coleoc U.K. Inc.; Coleco S.A.; Spartan Industries; and Coleco Georgia. 
l4. As part of the sale of substanially all of the non-cash assets of the Debtors (Coleco) to Hasbro pursuant to Court order dated July 7, l989, Hasbro acquired the right to use the names "Coleco Industries, Inc.", "Coleco".  Concomitantly, the Debtors agreed to forbear from using those names except in certain limited circumstances set forth in the Purchase Agreement. As a result the debtors changed the Names "Coleco Industries,Inc.", "Coleco" etc.to Ranger Industries, Inc. 
 
l5. During l988, Toys-R-US represented approximately l8% of Coleco's Sales. 
l6. No other customer of Coleco represented more than l0% of its l988 sales. 
l7. l986 & l987 losses were in excess of $ 215 Million.  THese losses were due to a dramatic decline in sales of Cabbage Patch Kids products (from $600.5 million in l985 to $126.5 million in l987. 
l8. In l987 Coleco was paying approximately $60 Million in interest. 
l9. The larger creditors of Coleco included:  Kader Industrial CO. of Hong Kong; Applied Electronics of Hong Kong; Sunshine Garment Factory of Hong Kong; U.S. Trust Co. of NY; D&E Packaging NJ; S.G.Warburg Soditic, Genevba Switzerland; MidAtlantic Nat. Bank of NJ.; and others. 
20. Coleco also marked board games, principally Scrabble. 
21. In a July 8, l988 agreement Coleco sold its pedal and battery operated rideon toy business and children's furniture and clubhouse products business to Hasbro for $l5.9 Million plus certain amounts for inventory. 
22. In a July 12, l988 agreement Coleco sold its outdoor pool and plastic snow products business to SLM Action Sports for $5.4 million plus certain amounts for inventory. 
23. Tonka Corp. paid Coleco $l.2 Million for the license rights (which Coleco apparently had) to market Trivial Pursuit. 
24. Coleco terminated its Canadian operations and liquidated their distributon sudbisdiary, Coleco (Canada) Ltd.  In Nov. l988 Coleco (Canada) Ltd. agreed to sell its inventory and accounts receivable to Irwin Toy Ltd.  Irwin was to distribute Coleco Products in Canada.  This sales relationship went to Hasbro in the Hasbro Sale. 
25. In Feb. l989 debtors sold their corporate Headquarters in West Hartford Conn. for $ l3.2 million, realizing a net profit of $4.7 Million.  Debtor relocated its headquarters to Avon Conn. 
26. In June l989 debtors sold substantially all of their assets to Hasbro receiving $ 85 Million with another $ 20 Million estimated from sale of inventory and receivables. 
27. The current directors of Coleco includes: Morton Handel; Philip Cohen; Mario Fromichella; Arnold Greenberg; Leonard Greenberg; Mary Anne Krupask; Geoffrey D. Lurie; Omer S.J. Wms.  All of which will resign under the reorganization plan on the date of its confirmation. 
28. Current executive officers of Debtors are Morton Handel and Michael S. Schwefel, who will resign on the Confirmation date but will be retained as consultants. 
29. Ranger Industries will have Net Opeating Losses for Federal Tax purposes of $ 314,000,000 which can be used during l995-2003 to offset profit and cause no tax to be due. 
30. Coleco's advertising expenses were: $34.7 Million in l988; $7l.l million in l987; $ 93.6 Million in l986. 
3l. The l984 Operating Data of Coleco showed Loss from Disposition of ADAM to be $ ll8,602,000.  A foot note indicates that the ADAM Family Computer was disconintued in l984 and the inventory was sold in l985. 
32. In August l987 the Company issued 644,295 shares of common stock with a then market value of $6,000,000 in payment of the remaining liability for the l985 settlement of several class actions suits filed against the Company and certain of its officers and directors in late l983 and l984 relating to the introduction and manufacture of the ADAM computer. 
33. The only shareholders owning more than 5% of the stock of the company are: Arnold Greenberg who owns l3.4% and Leonard Greenberg who owns 7/l%. 
 
There is a great deal of additional information in the l00+ pages but the above appears to be what will be of most interest to Adamites. 
 
There were very few references to ADAM as the bankruptcy was filed in l988, Adam was discontined several years prior to that.  I found no references to Adam copyrights. 
 
Barry Wilson 
 
showed Loss from Disposition of ADAM to be $ ll8,602,000.  A foot note indicates that the ADAM Famil
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