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Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (3829)	3/22/1999 7:55:00 PM
From: Jim Spitz	Read Replies (2) \| Respond to of 13776

Lance, I just read the release from the 19th on this stock. I don't see why it is a good pick. The way I read the release, the phrase: " The reorganization, which should become effective April 1, includes the conversion of $325 million of senior and subordinated debt into 100 percent of the outstanding common stock of the reorganized company." Means that the current common shareholders get zip, nada, nothing, shut out! Isn't that what you get? Dazed and Confused, jimS