HEARTLAND WIRELESS COMMUNICATIONS INC (HART) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : HEARTLAND WIRELESS COMMUNICATIONS INC (HART)

HART 1.790

+8.5%

Mar 31 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Luddrick M. James Jr. who wrote ()	4/3/1999 11:09:00 AM
From: Jacalyn Deaner	of 178

Direct quote from Filing: The Company will adopt Fresh Start Reporting on the Effective Date of its reorganization (in accordance with American Institute of Certified Public Accountants Statement of Position 90-7). Fresh Start Reporting results in a new reporting entity with assets and liabilities adjusted to fair value and beginning retained earnings set to zero. Liabilities subject to compromise also will be adjusted to zero in the debt discharge portion of the Fresh Start entry. In addition, on the Effective Date the Old Common Stock will be canceled and New Common Stock of the reorganized Company will be issued. The balance sheet of the reorganized Company is expected to reflect approximately $36 million in current assets, $58.0 million in systems and equipment, $88.0 million in other assets, $15.0 million current liabilities, $15.0 million in long-term debt and $152.0 million in stockholders' equity. One concern: did NOT see term replace. Jacalyn

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next