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Biotech / Medical : FPA Medical Management - FPAMQ -- Ignore unavailable to you. Want to Upgrade?

To: Werlick who wrote (1005)	7/21/1998 3:38:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 1110

Werlick, My faith in a rational outcome cost me mucho dinero too. My guess is that unless a group of shareholders organizes and either : (1) Challenges FPAM's Reorganization Plan by calling for a special shareholders meeting pursuant to FPAM's own corporate by laws; or (2) a group of shareholders organizes and actively participates in the bankruptcy proceeding, that the Judge will approve the Plan. That is, the Judge will assume the plan is OK to shareholders unless shareholder intervene and object. And as a class of unsecured creditors the shareholders have that right. Now note the shareholders can probably "win" some concessions simply by delaying approval of the reorganization proceeding. The filed plan looks to have left 14,600,000 shares of the 40,000,000 "new shares" unallocated. Some of those could go to current shareholders... Sincerely, Doug F.