GBFE - GOLDEN BOOKS FAMILY ENTMT INC Message Board

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Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC

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To: Tazman who wrote (433)	6/15/1999 9:39:00 PM
From: Sethpop	Read Replies (2) of 476

Tazman...All of that has NOTHING to do with the situation and value of GBFE stock. Disney could decide to buy the company TOMORROW and it still would NOT add one penny to the two/tenths of a penny the current shareholders will get because in Chapter 11 the Creditors rule and there is not need to give ANYTHING to the common shareholders...the warrants are just a bone being thrown their way that doesn't cost the company anything at all for the future.....(Total appraised value of the warrants for the common shareholders is $33,000-50,000)...In fact, if you read the reorg. plan carefully it stipulates they can even do away with the warrants for the common shareholders if the other classes agree to it (code wording for...if the common shareholders give us any grief we won't even throw them this bone!!) Pokeman or whatever it is will be nice for the "new" stockholders...Remember GBFE will continue in the future...don't confuse the company with the stock...they are no longer the same.

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