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To: Oeconomicus who wrote (11548)7/2/2003 9:02:45 PM
From: Charles Tutt  Read Replies (2) | Respond to of 11568
 
The devil is probably in the details. You're right that it's far from clear who will/should get something.

For instance, take my case. I actually made money by buying just before one of the bounces (but after BR was announced), then quickly selling. Suppose I held the shares on some magic date? Suppose the maneuver I just described merely mitigated other WCOM losses?

Are there really enough lawyers in the world to sort through all the equities & inequities possible in this fiasco?

JMHO, of course.

Charles Tutt (SM)



To: Oeconomicus who wrote (11548)7/15/2003 4:50:51 PM
From: George the Greek  Respond to of 11568
 
Unsettling to me that not only the common shareholders, but THE BONDHOLDERS seem to be in for the "sweetened" settlement, according to reports I read. Not very sweet, if you ask me. I thought the bondholders, as creditors, already had their thumbs in the bankruptcy pie.

Pls post if you come across details, which are still not forthcoming.

Without Sarbanes-Oxley Act of 2002, even this would not have happened. They deserve some thanks. But the settlement is still garbage.

Speaking as one who was burned...