Kap Resources (KAR.TO)-give it a little time, 'ey! Message Board

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Gold/Mining/Energy : Kap Resources (KAR.TO)-give it a little time, 'ey!

KAR 26.42

+0.5%

Oct 31 9:30 AM EST

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To: IceCube who wrote (33)	5/27/1999 11:26:00 AM
From: tom shelby	Read Replies (1) of 38

I do not understand why anyone is buying. The company has announced that it be in bankruptcy. All assets (old and new) would be subject to creditor claims. Even if Kap had a viable internet strategy how can Kap proceed with no cash. Any cash raised or assets acquired would immediately go to the creditors. Right now Kap is not even useful as a shell. Where am I am wrong in this thought process?

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