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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: sueconner who wrote (42902)	4/13/2000 1:28:00 AM
From: Katie Kommando	Read Replies (1) \| Respond to of 150070

Sue . . . NUZA . . . I've seen it discussed, but unfortunately I don't know much about it. I see they recently filed for Chapter 11 protection: biz.yahoo.com Unfortunately, shareholders usually get the short end of the stick in bankruptcy. Under bankruptcy laws, the creditors need to be paid before the shareholders can receive anything. It is common for the company to cancel the current stock and issue new stock to the creditors. However, I've seen instances where the shareholders have come out pretty good. It all depends on the plan of reorganization. At this point it seems like you have little to lose and might as well hang on to see if they file a favorable plan for shareholders. Did you pick up any CHIP or EKSIA? CHIP had a nice little pop at the end of the day, but I'm hoping for much more. However, I don't know the time frame. Same with EKSIA. Eventually they will go. Don't rush into anything . . . you might want to wait out the week and see if things improve next week. Katie K.