Loral Space & Communications Message Board

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Technology Stocks : Loral Space & Communications

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To: Selectric II who wrote (10513)	7/16/2003 2:08:18 PM
From: Mr. Sunshine	Read Replies (1) of 10852

<<Chapter 11 typically results in shareholders being wiped out and the creditors getting the equity in their place.>> Typically, but not always. There are enough assets and enough of an ongoing business that that may not be the case with LOR. Assuming that Bernie will do what is best for his personal wealth, how will the various options affect him? What does Bernie stand to gain/lose with the shares becoming worthless? He is one of the biggest shareholders, will he salvage anything? Does'nt he also hold some of the bonds? If the bond holders recieve equity, and the current equity holders recieve nothing, will the equity he recieves from his bonds give him a greater % ownership of LOR than he has now? Inquiring minds want to know! I hope someone has the time to figure this out. Also, the shares are still not trading. The few previous BK companies that I have had the misfortune of investing in did not halt the stock trading for more than a few hours.

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