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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (1904)	8/30/2001 8:13:47 AM
From: Art Baeckel	Read Replies (2) \| Respond to of 1911

Good morning Dan! I don't have a lot of experience with stocks that go Chapter 11 that I've owned. I do know that the last time Ettore $crewed the shareholders in the reorganization. Legally they can start all over again and the stock that yah now own will become null and void. He did that the last time. It never made sense to me that a company can do that and keep the same "namesake" without deviation. On the outside it looks like no one lost their shares. Buttttt, in reality there were new shares issued. So if these shares trade again after the SEC gives the ok we will have an important decision to make. Whether to hold or sell! If Ettore continues his reign at AMES I don't expect for him to ever get another Chapter 11 by the courts. It's unusual to get a second chance at it. The next time it will be Chapter 7 and AMES will be history IMO. I hope they survive but it doesn't look good. I owned this stock up almost to $30. At one point I owned over 30,000 shares. I lost big time this time around. I sold the majority of my shares around $1.00. Good luck with your choice. ART

To: Dan Duchardt who wrote (1904)	8/30/2001 8:36:23 AM
From: Richard Mazzarella	Respond to of 1911

Dan, IMO expect AMESQ to trade in the $0.05-0.07 range. Daytraders will use it only for "paper" daytrading. The value to current shareholders will be almost zero. There will be a huge reverse split, reissue of stock for funding, and then the game begins again. There is a very remote possibility that someone could buyout AMES with current shareholders getting somewhere between $0.50 - $1.00, but shareholder value is not in Ames culture, don't expect it. Any white knights will let Ames wiggle for quite a while before making offers.