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Technology Stocks : MTNT: Motient Corporation
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To: Harold who wrote (35)1/17/2002 8:27:31 PM
From: Dave Swanson  Read Replies (1) of 55
 
As far as cashing in that's gotta be your own call. This
is
not chapter7, true bankrupcy, but hopefully a temporary
bump in the road while they work thru the financial
restructuring(chapter 11). obviuosly the word bankruptcy alone has driven the PPS down, and it may go further as
it will take some time for a successful completion, which
of course may not occur.
Very risky, IMO, but shares bought here or lower could be
very valuable should they come thru this.
If you can't afford to lose it all, you might wanna bail. I'm holding for now, and may add as I see how things go.
It used to be you could feel secure in parking money with ATT, etc, but not any more, look at ENRON.
Good luck
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