Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Michael T Currie who wrote (41927)	8/3/1999 10:44:00 AM
From: Anthony@Pacific	Read Replies (4) of 122087

IRID<---------MASSIVE WARNING TO THOSE HOLDING THE STOCK !!!!!!!! IRID<---------MASSIVE WARNING TO THOSE HOLDING THE STOCK !!!!!!!! IRID<---------MASSIVE WARNING TO THOSE HOLDING THE STOCK !!!!!!!! IRID<---------MASSIVE WARNING TO THOSE HOLDING THE STOCK !!!!!!!! Any and all restructuring will involve the decimation of the common shareholder...You cannot win by owning the stock..Motorola would have to pay back every creditor and bondholder 100 cents on the dollar and sll off all assets to do it..and if it did that ( sold off all assets and then used the proceeds to pay down the 2.2 Billion in debt..) and then made up all differences with their own guarantees..The stock would be worth zero( 0 ) ..!!!! The average person is unaware that This stock cannot Survive ..Its a guaranteed failure for the commone without a 100% repayment of all debt and then IRID would still have service debt of 500 Million!!!!! Any restructuring would destroy common stock value .I have been involved at least 5 restructurings and Im telling you ..NOthing, not even Motorola can save the common share holders.. LTV steal emerged from restructuring the stock surged from 10 cents to 2 dollars.It was the public again who bought it in 1993 and ran it up... However the Company had alreaduy announced that the stock was being called in at 4 cents a share.. IRID shares will be redeemd maybe for a warrant in a new class but it will be worth maybe 2-20 cents a share at most and that is very generous. Bondholders are first in line to get repaid and the bond s are less than 80% of their value that means that The people behind it know ..Its doodmed But dont want to scare the public out yet ..so they issue vague and hope t6ainted press..wiothout actually committing themselfves..Folks Im telling you...IRID stock is the worst investment on wall Street Right Now........Go buy lottery tickets ..you have a better chance

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