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Non-Tech : Boston Market (BOSTQ)
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To: Adelantado who wrote (1559)1/7/2000 2:38:00 PM
From: Sr K  Read Replies (1) of 1567
 
ZIP!

I'm glad I sold my bonds at 42 and 43 and never touched them again.

From today's 8-K:
Under the terms of the filed Plan of Reorganization, after payment of bankruptcy administrative expenses and payment of claims entitled to priority under the Bankruptcy Code, the Debtors' senior secured creditors will receive substantially less than the aggregate face value of their loans to the Company.

Holders of the Debtors' equity securities and holders of any claims arising out of the purchase of the Debtors' debt and equity securities will receive no distributions under the proposed Plan of Reorganization. In addition, it is
unlikely that holders of the Company's convertible subordinated debt securities will receive any distributions under the Plan of Reorganization.
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