FPA Medical Management - FPAMQ Message Board

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Biotech / Medical : FPA Medical Management - FPAMQ

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To: AC who wrote (983)	7/20/1998 6:02:00 PM
From: Douglas V. Fant	Read Replies (3) of 1110

AC, Well everything turned out pretty much like predicted- except one thing- cancelling current shareholders! The Company wasn't that badly broken. That appears to be completely unnecessary to cancel current shareholders 100%. The senior credit holders could easily maintain control on this corporation if they owned 35-40% of the stock. Mean-spirited, malevolent, manipulative- I'm not sure what you call it. And what hurts is that I called John Grimaldi of their New York PR Firm and gave them a couple of tips on reorganizing that had helped our company when in financial straits- I feel like I gave FPAM some bullets- and then they turned on me and shot me.... If you all intend to fight it, then ,move quickly as FPAM/Dresnick et al., will try to ram this proceeding through the Federal Bankruptcy Court as fast a spossible in order to prevent opposition from mounting.... Sincerely, Doug F.

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