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Non-Tech : Mccarthy Corp. PLC (MCY/ASE)

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To: 24karats who wrote ()3/13/2000 11:34:00 PM
From: michael   of 2
 
We're Back. Stock moved up 19cents to .25. News is restructuring and Virgin Involved. Things are looking up. One of the most active stocks on the VSE. 6million shares.

from stockwatch:

McCarthy proposes restructuring

McCarthy Corporation plc
MCY
Shares issued 123,467,890
2000-03-10 close $0.06
Monday Mar 13 2000
Mr. Tim McCarthy reports
The board of McCarthy Corporation plc has been in arm's-length discussions with
the Virgin shareholding group and principal creditors for several months with a
view to restructuring the affairs of MCC.
These discussions are at an advanced stage and the company anticipates being in
a position to circulate an information circular with detailed proposals involving a
debt/equity restructuring shortly to all shareholders of MCC in anticipation of an
upcoming extraordinary shareholders' meeting.
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