Zenith - One and Only Message Board

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Technology Stocks : Zenith - One and Only

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To: Robert Utne who wrote (6292)	9/22/1999 9:30:00 PM
From: MJ	Read Replies (1) of 6570

The cases cited by Robert Utne are certainly supportive of challenging LGE. Certainly the SMTC purchase of the plant with a contract with LGE to supply the mentioned sets is a way to unload for the convenience of bankruptcy while preserving future income after bankruptcy. And, certainly recapitalization should have been and should be explored. The floating of new common stock to provide funds to prevent the bankruptcy or a willing buyer or buyers for the company are all desirable possibilities. What is of course missing in the LGE plan is the opinions and expertise of the minority shareholders. I would hope that the Bankruptcy Court Judge can see through the machinations and give us a direction which will include the minority shareholders. As for purchasing more Zenith now. If you believe that Zenith will survive, then yes buy. The only risk that I could see is that if Zenith minority shareholders do get dollars for stock then would the current purchasers be included or would there be a cutoff date for remuneration to stockholders-----thereby excluding current purchases. mj

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