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To: phoenix who wrote (3402)1/14/1998 4:35:00 PM
From: Jim Mills  Respond to of 3977
 
I believe we will own this company till the end.... If there is an end ?..... I know a couple people who own companies in chapter 11, some companies who pulled out of chapter 11.... and they are glad they stayed in!!!!

Glad to be back (computer was down) :(

Jim M.



To: phoenix who wrote (3402)1/15/1998 9:08:00 AM
From: Wesley0428  Read Replies (1) | Respond to of 3977
 
Yes, under chap 11 you would retain your ownership. If there is a sucessful reorg, you might get dilluted (severely), but there is not far to fall from 1/16. If the reorg efforts fail and they go Chap 7 you will get nothing.


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