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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Don Earl who wrote (15952)	12/25/2002 10:37:27 PM
From: TimbaBear	Read Replies (1) \| Respond to of 78628

Don Earl The time it would take me to download the document you posted is more than I would want to spend on a Q stock, let alone what it would take me to read it. Well, then I can clearly say that you don't know what your talking about regarding ACKHQ, but if you want to continue to talk as though you do, that's fine. I have owned one other bankrupt company, and bought the shares while it was still in bankruptcy. The company was a builder, NVR. When it came out of bankruptcy, the existing shareholders got a 1 for 30 reverse split. I held onto the stock for 5 or 6 years and, when I sold it, I averaged 14% per annum rate of return on my initial investment for the entire holding period. So my personal experience puts lie to what you are stating with such supposed authority regarding outcomes when bankruptcy occurs. Since I have explored and analyzed the financial statements on this company for the last 7 years (and most recent 9 months) as well as took the incredibly long amount of time to download the reorg. doc. (it was maybe a minute) and since I took a couple of hours to review it thoroughly, I would suggest that you are the one arguing from an emotional basis on this rather than I. In order for you, the owner, to receive any proceeds in a bankruptcy reorganization, ALL other classes of creditors have to be made whole. It doesn't have anything to do with "fair", it has to do with our bankruptcy system as it currently exists. If you would take the time to read the reorg docs, instead of just applying blind prejudice, you would see that this statement is as erroneous as some of your others. The other creditors do not have to be made whole, they just have to agree to the plan. I can debate facts with you or anyone else to improve my understanding of them, but I cannot and will not debate emotions or prejudice or contempt prior to investigation. Timba