Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: VanGo101 who wrote (5718)	10/19/1998 2:46:00 PM
From: VanGo101	Read Replies (2) \| Respond to of 5812

O.K....We have the answer to the question "Have our CAWS common stock shares been extinguished, or cancelled?". The answer is YES!! Mr. Gelber of Skadden Arps was kind enough to return my call and discuss the CAI Wireless bankruptcy with me. He is not a court appointed attorney, at all, as I had indicated, but rather is representing CAI Wireless in the proceedings....the "Debtors", of course. Many bankruptcy courts appoint an attorney for the "Creditors", which might have included us common stock shareholders under some lines of thought. However, there was not an attorney appointed for the Creditors in these proceedings. (My thinking about the Debtors and Creditors was backwards....temporary case of CRS!) Doesn't matter anyway...it's all over for us! JA and company wins again...where is justice? The bankruptcy laws were written to protect companies, not us little shareholders. They give companies a license to steal!! It is no wonder that the average American citizen doesn't believe there is any justice in our justice system!! Perhaps we all learned some lessons in this investment experience, an expensive one! Good luck to all of you in your future, more thought out investments. VanGo101...Van