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Technology Stocks : WCOM

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To: waldemar cyranski who wrote (11515)2/12/2003 10:52:21 AM
From: Imran  Read Replies (1) of 11568
 
from what i understand you want to know if the equity that will be issued upon reorganization will be worth anything?

my answer: although the equity will be worth something upon reorganization, the long term appreciation of the share price will be dependent on the business plan that is formulated in the reorganization process. current shareholders will not receive anything for their current shares. secured creditors will own the equity of the new company upon reorganization. i believe that the secured creditors will begin selling once their shares become freely tradable.
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