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Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS
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To: LANCE B who wrote (3829)3/22/1999 7:55:00 PM
From: Jim Spitz  Read Replies (2) of 13776
 
Lance, I just read the release from the 19th on this stock. I don't see why it is a good pick. The way I read the release, the phrase:

" The reorganization, which should become effective April 1, includes the conversion of $325
million of senior and subordinated debt into 100 percent of the outstanding common stock of the
reorganized company."

Means that the current common shareholders get zip, nada, nothing, shut out! Isn't that what you get?

Dazed and Confused, jimS
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