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Non-Tech : Golden State (GSB) formerly Glendale Savings -- Ignore unavailable to you. Want to Upgrade?

To: Richard A. Green who wrote (60)3/20/2000 10:41:00 AM
From: Herc  Read Replies (1) | Respond to of 75
 
I read that the litigation warrants entitles the holder to GSB shares worth 85% of the reward less taxes/expenses. So I'm assuming the remaining 15% will go into GSB's assets. But there was also about a $900 million award to Glendale Federal. Does GSB get this also?

I'm holding onto my LLND shares at these levels because I think the banks have a very strong case.

Thanks for the link. News on LLND is hard to find. The only mention I could find was on Bloomberg.



To: Richard A. Green who wrote (60)6/28/2000 11:40:00 AM
From: Herc  Read Replies (1) | Respond to of 75
 
Out of curiosity, I put a market order to sell 100 shares of LLND yesterday, and it was snatched up at the current quote of 7/8. On Bloomberg, you can find the news that the judge only awarded their shareholders $21 million on 3/6/00. So the stock dropped that day. But someone must still think it has some value. Maybe it is going to be appealed. But finding news on this company is almost impossible.


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