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

To: Jimbo Cobb who wrote (5569)	8/29/1998 9:42:00 PM
From: VanGo101	Read Replies (1) \| Respond to of 5812

The filing of Chapter 11 by CAI Wireless has put a "stay" on the pending class action lawsuit. It is my understanding that there are other legal actions that are being considered by Milberg Weiss. It is still a possibility that the bankruptcy court will not allow CAI to "extinguish" the common stock shares, and will allow current common stock holders to have diluted shares in the "new" CAI....hopefully, with new management. If facts warrant such a ruling, the Court does not have to allow "debtor in possession". VanGo101...Van

To: Jimbo Cobb who wrote (5569)	8/29/1998 9:47:00 PM
From: VanGo101	Respond to of 5812

P.S.....In the IMPX class action lawsuit, Milberg Weiss was able to get $10 million from IMPX to be distributed to common stock shareholders, and Milberg Weiss. Shareholders will receive from 6% to 20% of their holdings in IMPX, depending on the facts and dates of the purchase of IMPX shares. VanGo101...Van

To: Jimbo Cobb who wrote (5569)	8/30/1998 2:47:00 PM
From: .com	Read Replies (1) \| Respond to of 5812

"Has any settlement ever been reached in the shareholders lawsuit against CAWS from a few years ago ??" No yet. "I'd say that lawsuit is the best chance long-term shareholders have of ever getting anything back from their CAWS shares." Yep, you are correct. Another possibility is a favorable ruling from the judge who is reviewing the bankcruptcy. Based on the number of letters sent to him by irate sharholders, some of the obvious mis-management that has occured, and the sweetheart deal management has arranged for themselves, I would think there is a decent chance this may occur.