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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Sid Turtlman who wrote (6561)	11/6/1997 10:50:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 9285

Sid >>Any assets transfered to other corporate entities, or paid out in extraordinary dividends, or even cash bonuses to major employees, done with the purpose of screwing the creditors, would be grabbed by the bankruptcy court and turned over to the creditors.<< Hi sid! If you are right on this one you get an A+. I am not a lawyer so I would like to know whether your statement reflects the lagality of the situation based on your experience or just your [very intelligent] opinion. One additional question that I have is the posibility that asset spinoff happens before actual liabilities develop (i.e., it will take some time before damages are awarded). If this is the case would your point still be valid? As the article in Barron's regarding Redux/IPIC estates there are platoons of smart lawyers [and bankers] behind all this. Pancho PS: Thanks for a most informative view on the matter. I am not trying to be picky but my IPIC short accounts for appx. 7% of my net actively managed portfolio so I need to check how reliable the info. is. Otherwise I have some homewrok awaiting me...