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Non-Tech : FTL- Fruit of the Loom -- Ignore unavailable to you. Want to Upgrade?

To: JLIHAI who wrote (85)	4/23/2000 7:57:00 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 161

Class action lawsuits in general are by contingency lawyers, who takes 30% of the money they can squeeze out of management. In bankruptcy courts, contingency lawyers can not practice, so they don't have much effect. They also have to wait for reorganization plan. Delisting from NYSE will happen based on two conditions. One is the asset value no longer satisfy the NYSE rules. However, the specialist may still have shorts to satisfy, so the delisting will happen later. After delisting the market makers having no stock will start at much lower valuation. It is usually then you can gamble on the company recovering from reorganization. You will be gambling pennies rather than dollars? When delisting happens, the proactive stockholders, after buying into the cheap stock, will have to organize and get the DIP management to start new products and attempt to rebuild the company.