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Technology Stocks : Winstar Comm. (WCII)
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To: John Lacelle who wrote (12449)4/22/2001 9:51:05 AM
From: Paul Smith  Read Replies (1) of 12468
 
I suspect you are not an expert in this area. Neither am I. Please explain how Winstar can come out of bankruptcy without the current equity being worthless. I don't think they ever get out of bankruptcy as an independent company but if they do, I would think that the massive debt need to be converted to equity. More likely outcome is a sale of the company to give debt holders only a fraction of their investment back and equity holders zero.
Just my opinion, I might be wrong.
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