SI
SI
discoversearch

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.
Technology Stocks : Zenith - One and Only -- Ignore unavailable to you. Want to Upgrade?


To: Amadeo Mendez-Vigo who wrote (6203)7/22/1999 5:59:00 PM
From: Robert Utne  Read Replies (3) | Respond to of 6570
 
Received documentation from Zenith, today, concerning the vote on accepting or rejecting an LG hugely discounted bound in exchange for for my Zenith bonds.

Seems that LG is jumping the gun in that the SEC, apparently, hasn't approved Zenith's S-4 applications (all six versions of deceptions bordering on alleged fraud).

This is one bondholder who is voting no. With 51% voting no, shareholders will have a stronger line of defense. For LG to attempt a cramdown would be the depths of stupidity.