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Technology Stocks : CAWS - Wireless Cable (New and Improved) -- Ignore unavailable to you. Want to Upgrade?

To: VanGo101 who wrote (4510)	1/15/1998 10:12:00 AM
From: Gary R. Owens	Read Replies (1) \| Respond to of 5812

Van, Sorry to say I can help you with this. <I have never owned stock in a company that went into Chapter 11. What happens to your shares of stock when this occurrs? If a company goes into Chapter 11, then in time exits and becomes profitable, do shareholders still own stock that might appreciate?> Try to punch up SBP (Standard Brands Paint Co). It was the first stock I ever bought right after they came out of Ch 11. Made $300 in 48 hrs and thought I was a genius. The price skyrocketed to $8, stuttered and sank but I kept holding. Then they went back into chapter 11. I still have it on my brokerage account valued at $35.00 or the same price as my commission if I sold it. I believe that if they emerge from bankruptcy you would still be a shareholder of record and able to sell if they were "re-listed" Guess that if you really think we're going under GET OUT NOW. I'll hold and by the end of the year I may have a write off or a viable company. Bummer!! gary