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Microcap & Penny Stocks : STREAMLOGIC CORP (STLC)- This stock is going to fly! -- Ignore unavailable to you. Want to Upgrade?

To: SnakeCharmer who wrote (2479)	12/4/1997 9:13:00 AM
From: John Goodman	Read Replies (1) \| Respond to of 2840

Snake: I support the part that believes Stream management shouldn't be able to screw former shareholders out of Stream assets. But they can and apparently have, proved to the bankruptsy court that Stream assets are far less than Stream liabilities. We don't believe that Stream assets are so low but the court does. Hence, no Stream assets. Hence, nothing of value for former Stream shareholders. The real issue for me was how fast Stream management moved to protect unsecured debtors. The same lack of morality they displayed by not supporting current shareholders could have been directed at the unsecured debtors. If so, a restructured payment plan could have been worked out and a reog plan toward profitability instituted. Instead, they got religion and decided to be moral in favor of the unsecured debtor. You and I both know that ain't how it worked out. Stream management isn't moral, just self serving. They could have fought it out on behalf of Stream shareholders but what would they have gotten for their efforts? This way, they can grab huge amounts of stock in the new company at little or no cost to them. Consider it a bonus for a theft well done. The new company will sing along without the finacial pressures Stream had. In the end, Stream management will likely make the bankruptsy stick and force us out. Mark Rosenberg put it correctly when he said that the fight will continue in the future after everything settles and the law suites begin. This isn't over yet but it will take longer than we all expected. Please keep in mind, this is my opinion only. Others may believe differently. John