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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: limit who wrote (13655)7/11/2000 8:06:22 PM
From: Kevin Podsiadlik  Respond to of 18998
 
What type of board of directors would sign on to such a deal?

IMHO, the type that plans to be around to see what Wendt can do -- AFTER the current common equity has been crushed in the, uh, reorganization.

The way I read it, this saga goes on beyond Chapter 11. That's neither here nor there as far as the stock is concerned, but I wouldn't be hanging Wendt in effigy for crimes against humanity just yet.



To: limit who wrote (13655)7/15/2000 9:28:33 AM
From: Mr. Pink  Read Replies (1) | Respond to of 18998
 
Good question....a very desperate and frightened board.

MP