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Technology Stocks : WCOM
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To: Charles Tutt who wrote (11232)7/9/2002 5:33:46 PM
From: furrfu   of 11568
 
I think (not always my strong suit) that all of those referenced do not include bankruptcy. No bank is going to lend 3 Bil just to be first on the list of creditors.It sounds like he's talking about working capital.

In addition, I believe that anything along the lines of the indebtedness-for-shares (expedited Ch.11 stuff) would be something that Worldcom would have to present to the creditors, not have presented to them as indicated. I know it's just a semantical difference, but I've always been an incurable optimist.

Doug
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