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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: dkgross who wrote (84453)5/18/2001 9:25:48 PM
From: Buckey   of 150070
 
Any bankruptcy experts
CMAL filed CH 11 today but have 299 in assets and 240 in liabilities.

The issue is they could not service the debt.

eith 15MM shares out we actually have a book value of $4.00 assuming assets could be sold for the book value. Stock last traded at $.69 before halt.

I dont see it sinking much further.

I am not used to these types of bankruptcies
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