WCOM Message Board - Msg: 17772506

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Technology Stocks : WCOM

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To: Kal Perry who wrote (11366)	7/22/2002 8:02:01 AM
From: James Calladine	of 11568

This is not an expert opinion, but, simply stated, your shares are worth whatever they are traded at, if they are still trading. In a bankruptcy generally, the key issue is debt and how to deal with it. The company will typically sell off whatever non-core assets they can and then make a new deal with debtholders. Very typically such deals involving swapping debt for equity in classes of shares senior to existing common or in such huge quantities that existing shareholders are diluted to virtually nothing. I would say the current share prices suggest that. Perhaps the loss is more valuable to you than selling the shares for what they can fetch now. Or maybe it's so little now that it doesn't make a difference either way. Those are your decisions. Namaste! Jim

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