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

To: Sung Q. Kim who wrote (4679)	2/8/1998 8:12:00 AM
From: Lindsey R. Spencer	Respond to of 5812

Worst scenario of course is the number "zero" but in all likelihood the company would reorganize, cancel the old stock, and give present shareholders a chance to buy warrants in the new company. Present debt holders would own the great lion share of the new stock to satisfy their claims. So present shareholders would have to buy in again after being wiped out on their old shares. This would take a couple of years to complete and in the mean time MMDS could actually be a household word in the northeast. You know, the cheapest way for a Partner to procure CAI is in bankruptcy. I know this is not pretty but it is how businesses make money. Instead of a legimate company getting a respectable price in the market, the same company goes for pennies on the dollar down in the "yard sale of the market" - bankruptcy.