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

To: Joseph Moran who wrote (5724)	10/20/1998 5:45:00 PM
From: webpilot	Read Replies (1) \| Respond to of 5812

The reason our stock was extinguished is because we were deprived of our votes regarding the bankruptcy proceedings. The most sacred thing in the stock market is the right of common stock holders to vote. Caws management deprived us of our vote when they stated to the court that the liabilities of the company exceeded the assets. They appraised the assets to their benefit and advantage. I would think that under the guidelines of the bankruptcy laws that in order to use this ploy against the stockholders that the law would require a second or third assessment or appraisal of the assets. Just to accept the word of the company is completely unfair, and perhaps at odds with the law. I raised this issue in my letter to the court. Everything that the stockholders brought up, apparently was moot. Any lawyers out there? Any other opinions? To deprive us of our right to vote is Un-American. We deserve better treatment under the law. It seems ludicrous that Caws management is allowed to get away with just their own valuation.