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

To: Robert Utne who wrote (6273)	9/5/1999 9:14:00 PM
From: MJ	Respond to of 6570

Robert Utne Thanks for the dates. There is a piece of the puzzle which is missing here and I am not sure what it is----certainly the timing for the purchases prior to declaring they would file for bankruptcy in May of 1998 seems very strange. If anyone can clue me in either post here or send me a private message. Thanks. MJ

To: Robert Utne who wrote (6273)	9/6/1999 12:21:00 AM
From: MJ	Respond to of 6570

A second reply-----certainly the first paragraph you wrote says it all. LGE was stated to having controlling interest in Zenith after buying $351 Million in stock. Also in a company communication of July 1995 the remaining shareholders were assured that "Zenith shareholders will continue to participate in the long term growth propects for the company". Now take a look at the August 23rd 1999 news article listed on SI. The very optimistic how wonderful it will be after bankruptcy. "Zenith shareholders get nothing for their shares just as LGE will get nothing for their shares." However, LGE will have controlling interest in the new shares issued and will share in the forward looking optimistic outlook for Zenith technology. This doesn't compute-----how can a company which gets nothing for their current shares then be given a controlling interest in the new Zenith. This is, in my opinion, "is being given something" for their old shares-----a controlling interest in the new company. Thanks again for the pertinent dates. mj

To: Robert Utne who wrote (6273)	9/6/1999 12:26:00 AM
From: MJ	Respond to of 6570

A second reply-----certainly the first paragraph you wrote says it all. LGE was stated to having controlling interest in Zenith after buying $351 Million in stock. Also in a company communication of July 1995 the remaining shareholders were assured that "Zenith shareholders will continue to participate in the long term growth prospects for the company". Now take a look at the August 23rd 1999 news article listed on SI. The very optimistic how wonderful it will be after bankruptcy. "Zenith shareholders get nothing for their shares just as LGE will get nothing for their shares." However, LGE will have controlling interest in the new shares issued and will share in the forward looking optimistic outlook for Zenith technology. This doesn't compute-----how can a company which gets nothing for their current shares then be given a controlling interest in the new Zenith. This is in my opinion "is being given something" for their old shares-----a controlling interest in the new company. Thanks again for the pertinent dates. mj