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Pastimes : Thread Morons -- Ignore unavailable to you. Want to Upgrade?


To: Don Pueblo who wrote (6903)2/3/1999 1:44:00 PM
From: Sir Auric Goldfinger  Respond to of 12810
 
PR for TLC from Herbacious onthestreet.com: "Cluck: A report is making the online rounds suggesting that Boston Chicken's (BOSTQ:OTC BB) stock, now traded on the OTC Bulletin Board, may still once again fly. It doesn't say whether it's referring to the current stock or a new stock. Before you buy, consider that last quarter, the Chicken's CFO warned, "The Creditor Committee, consisting primarily of bondholders, has indicated it is willing to exchange the convertible subordinated debentures and other unsecured debt for all of the equity of the reorganized company. Although the company is exploring opportunities to preserve some value for existing stockholders, there can be no assurance that existing stockholders will retain any value.''

Put another way: Even though it's boilerplate, there's a real possibility the current stock may not be worth enough for a chicken dinner.

*Overheard last night aboard the 5:22 Bergen County Express, which is
loaded with Wall Streeters: "It's just getting harder, no matter whether you win or lose."

Ditto for the folks who write about this stuff."