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Technology Stocks : Nextwave Telecom Inc.
WAVE 8.150-0.9%3:59 PM EST
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To: DaveMG who wrote (826)10/16/2002 7:58:37 PM
From: Maurice Winn  Read Replies (1) of 1088
 
Dave, I forget the exact proportions, but ownership of the assets will go:

Banks

Senior Note Holders and unsecured creditors

Shareholders

I don't think there's much chance at all of shareholders getting anything. If the bond holders get anything they'll be lucky.

The banks probably won't get all their money [though they might if they trade their way out of it - sales are going well].

Just some rough ideas there. I recommend checking the facts on creditor priority.

Mqurice
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