Exhibit 99


     The reported shares were purchased as partial fulfillment of a binding
     commitment made by Magellan Holdings LP ("Holdings") pursuant to a Stock
     Purchase Agreement (the "SPA") dated as of December 18, 2003 (filed as
     Exhibit 2.4 to the Issuer's Form 8-K/A filed on January 7, 2004) and the
     Issuer's Third Joint Amended Plan of Reorganization, as modified (the
     "Plan"). Pursuant to the Plan, certain creditors of the Issuer were given
     the option to receive shares of Ordinary Common Stock of the Issuer, or in
     lieu thereof, $9.78 per share in cash. In order to fund the cash payments,
     pursuant to the SPA, Holdings committed to purchase for $9.78 per share (in
     the form of shares of Multiple and Variable Vote Restricted Convertible
     Common Stock) the number of shares in lieu of which creditors of the Issuer
     elected to receive cash. It was contemplated in the SPA that certain
     purchases by Holdings would occur subsequent to Holdings' initial purchase
     (which occurred on January 5, 2004, the date the Plan was consummated), due
     to the fact that certain creditors who held disputed or unresolved claims
     had elected to receive cash, but the number of shares which Holdings was
     required to purchase on account of such elections would not be known until
     such disputed or unresolved claims were settled. The shares reported on
     this Form 4 were purchased by Holdings following the settlement of a number
     of such disputed or unresolved claims.