Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Silicon Graphics, Inc. (SGI) -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (14372)	5/12/2006 2:56:29 PM
From: Rich Genik	Respond to of 14451

Look like end of commons. Why is it at .07? I add: 1) Stupidity. 2) Speculation that common shareholders will be allocated a very small percentage (<2%) of the reorganized company, or warrants in the new common, etc. Looking at the progression of such deals, that is pre-arranged Chapter 11s arranged between management and vulture funds (CQB, NTL, KM), you see and increasing arrogance about leaving anything for common holders. In the most recent case of K-mart, the common and preferred trust issues were just canceled. Of course we all know K-mart was out of Ch-11 for about a year when it accumulated the financial strength to simply buy Sears. I say dump it all. If one wants to speculate, the price will be below 2 cents soon enough. Best regards, Rich