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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: .com who wrote (5625)9/18/1998 12:25:00 PM
From: webpilot  Read Replies (1) of 5812
 
In the event that the judge rules in the stockholders favor, it will be a moot point, if in fact the bondholders are in control. They would then just vote to approve the Chapter 11 plan and extinguish themselves. So, even if we are successful, what does it really mean? We are screwed not matter how you look at it. This was a very carefully thought out plan by experts. As far as the minimal costs to gain control of the stock, it is cheaper to do this than to continue to pay legal fees in order to execute the plan. It also saves a lot of time, time is money.

Where are the darn Form 13 filings? That is the question.
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