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Technology Stocks : METRICOM - Wireless Data Communications
MCOM 0.01000-39.4%Dec 15 3:55 PM EST
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To: Rich Wolf who wrote (2499)11/9/2000 4:10:11 PM
From: Sir Auric Goldfinger  Read Replies (1) of 3376
 
No it's you who doesn't geddit: Paul Allen owns Convertible Debt, not Pref Stock and of fricken course he'll get to name his price. That's why you're getting massively hosed! I'll spell it out: he owns the debt and you own the equity. The debt own the assets and gets paid before the equity in a reorg. Got it? get it? Good, now buy more!
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