WCOM Message Board - Msg: 19012003

STOCKTALK

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Technology Stocks : WCOM

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To: George the Greek who wrote (11525)	6/7/2003 4:15:41 PM
From: George the Greek	Read Replies (1) of 11568

Some items: * The laughable SEC penalty agreement ($500 million) (see sec.gov ) which has been put before the judge, has been deferred by the judge to allow for comment (that comment deadline, Jun 6, has passed). * Funds "will be distributed to victims of the company's fraud, pursuant to Section 308 (Fair Funds For Investors) of the Sarbanes-Oxley Act of 2002"; I frankly don't know the conditions which that Act applies in determining the defrauded investor pool. * Investors who feel they were defrauded (and there must be plenty of you around!!!) might want to visit the Ad-Hoc Committee of WorldCom/MCI shareholders, wcom-iso.com , get background information, find out why they are being overlooked by the bankruptcy fast-track process. It offers some advice on writing to the media & finding some outlet for the angst of having this company's assets shoveled solely into the hands of the creditors.

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