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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Selectric II who wrote (10513)	7/16/2003 12:57:35 PM
From: Tahoetech	Respond to of 10852

>>Because you equated no loss of equity with Mr. Schwartz being a master of finance. I don't see the connection<< sometimes I think he is more than a master of finance...for instance, if it was up to me I would have completely destroyed this countries ability to make a satellite, of any kind...I would have had LMT and BA sell their entire assets to the Germans and Russians and LOR I would give to Alcatel...then sit back watch Washington do whatever they would do, if anything... MR. Schwartz has shown such perserverence and patience...I am amazed...I learn things all the time...

To: Selectric II who wrote (10513)	7/16/2003 2:08:18 PM
From: Mr. Sunshine	Read Replies (1) \| Respond to of 10852

<<Chapter 11 typically results in shareholders being wiped out and the creditors getting the equity in their place.>> Typically, but not always. There are enough assets and enough of an ongoing business that that may not be the case with LOR. Assuming that Bernie will do what is best for his personal wealth, how will the various options affect him? What does Bernie stand to gain/lose with the shares becoming worthless? He is one of the biggest shareholders, will he salvage anything? Does'nt he also hold some of the bonds? If the bond holders recieve equity, and the current equity holders recieve nothing, will the equity he recieves from his bonds give him a greater % ownership of LOR than he has now? Inquiring minds want to know! I hope someone has the time to figure this out. Also, the shares are still not trading. The few previous BK companies that I have had the misfortune of investing in did not halt the stock trading for more than a few hours.