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Non-Tech : BYDS -- Ignore unavailable to you. Want to Upgrade?


To: Ran Roenfranz who wrote (149)8/2/1998 7:30:00 PM
From: James Hutton  Read Replies (1) | Respond to of 152
 
I happened to see the Yahoo news a few days. I got a good laugh out of it. I sold most of my shares when it became clear that bankruptcy was inevitable, but I still hung on to 700. As the price kept going down and down to less than a dime, I decided just to wait until everything - hard assets and intangible property (e.g., trademarks, etc.) - was sold. Then I just figured I could call it a worthless stock without a commission taking a big bite out of my "principal."

My speculation/opinion, FWIW, is that there was never an intent to completely sell the entire thing off. Rather, the "gloomy press releases" (a law school corporations case in which the insiders talked the stock down and then bought at low levels) were intended to get the last dregs of the shares at bargain basement prices. Pretty sleazy.

Don't be too comfortable. As the press release acknowledges, more or less, existing shareholders will still get the shaft to some extent if this thing ever really does emerge from bankruptcy. This will occur either through dilution or differentiating between existing and "new" shares with the existing being somehow less valuable than "new" shares. But hey, they'll probably be worth more than .06 or .07 per share as they were a few weeks ago.

Cheers,

Jon



To: Ran Roenfranz who wrote (149)4/6/2000 5:41:00 PM
From: patrick w. carty  Respond to of 152
 
Ran,
I don't know if you're still interested or even own shares of Boyd's, but I found this in the FAQ section at www.bcoddington.com

Q:Is Boyd Coddington a part of Boyd's Wheels or Hot Rods by Boyd?
A:No. Boyd Coddington is no longer affiliated with Boyd's Wheels or Hot Rods by Boyd. In fact, Boyd
Coddington endorses only B. Coddington Wheels and
products.
Q:What is the status of Boyd's Wheels and Hot Rods by
Boyd?
A:Both companies were purchased by APG (Automotive
Performance Group) in January, 1999.
Q:So who is running the show at Boyd's Wheels now
that Boyd Coddington is not there?
A:Boyd's Wheels and Hot Rods by Boyd are under the
direction of John Joseph Daly. Boyd Coddington (the
person and the company) has no association with
either Boyd's Wheels or Hot Rods by Boyd.