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Microcap & Penny Stocks : HEARTLAND WIRELESS COMMUNICATIONS INC (HART)
HART 1.790+8.5%Mar 31 5:00 PM EST
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To: Jacalyn Deaner who wrote (119)4/3/1999 3:29:00 PM
From: David Sirk  Read Replies (1) of 178
 
First of all I never invested in WHIRL so right away you got your facts wrong. No surprise. No read the Updated SEC document! In your case I suggest that you read it 50 times so you can understand it.
sec.yahoo.com
edgar-online.com
6.6 Cancellation of Existing Securities and Agreements.

On the Effective Date, the Old Senior Notes, the Old Convertible Notes
and the Equity Interests or commitments, contractual or otherwise, obligating
the Debtor to issue, transfer or sell Equity Interests or any other capital
stock of the Debtor shall (a) be cancelled and (b) have no effect other than the
right to participate in the distributions, if any, provided under the Plan in
respect of Claims and Equity Interests. Except for purposes of effectuating the
distributions under the Plan on the Effective Date, the Old Indentures shall be
cancelled.

This is what they mean by EQUITY intrests!

9 Equity Interests Impaired; The Equity Interests shall $-0- to $0.08
be cancelled and each holder of an per share
Allowed Equity Interest will receive a
Ratable Portion of the Old Equity
Portion of the Equity Distribution
Pool. 9

So now the old shares are in the EQUITY intrest pool which is this!

4.9 Equity Interests (Class 9).

On the Effective Date, the Equity Interests shall be cancelled and each
holder of an Allowed Equity Interest shall receive in full satisfaction of such
Allowed Equity Interest, its Ratable Proportion of the Old Equity Portion of the
Equity Distribution Pool.

What is th Equity Distribution pool?

WARRENTS
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