KAPOK CORP &lt;KPK> IN TECHNICAL DEFAULT
  Kapok Corp said it is in
  techical default of its loans from Southeast Banking Corp &lt;STB>
  and Murray Steinfeld but is negotiating with the lenders.
      It said neither has declared the loans due.
      The company said it has agreed to sell the Peter Pan
  Restaurant in Urbana, Md., for 1,100,000 dlrs, or one mln dlrs
  after the payment of expenses.
  

