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.

Microcap & Penny Stocks : HEARTLAND WIRELESS COMMUNICATIONS INC (HART) -- Ignore unavailable to you. Want to Upgrade?

To: spy hard who wrote (11)	3/31/1999 2:06:00 PM
From: Laura E.	Respond to of 178

March 21, 03:48 Eastern Time Mar. 20 (Tulsa World/KRTBN)--Heartland Wireless Communications Inc., the Dallas-based cable television operator with viewers in Tulsa and 56 other markets, is emerging from bankruptcy with a court-approved plan that converts its outstanding debt into stock of the reorganized company, company executives said. Heartland, which filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code on Dec. 4, 1998, had its reorganization plan approved by the U.S. Bankruptcy Court for the District of Delaware. When the company emerges from Chapter 11 on April 1, its corporate name will be changed to Nucentrix Broadband Networks Inc. As disclosed in filings at the Securities and Exchange Commission, the reorganization plan provides for conversion of $325 million of senior and subordinated debt into 100 percent of the company's common stock. The company expects to emerge from Chapter 11 with about $12 million in net long-term debt relating to Federal Communications Commission spectrum licenses in more than 80 markets, and available cash of more than $25 million.

To: spy hard who wrote (11)	3/31/1999 2:08:00 PM
From: Luddrick M. James Jr.	Read Replies (1) \| Respond to of 178

Spy hard, you might want to ask Moneymade about this one...it looks like this company has suffered the same type of problems as all of the cable wireless...they may have entered Chapter 11 proceedings...have not learned the full story there...but the big thing at this point is all of these major companies i.e. MCI Worldcom and Sprint are obviously looking at these companies for their technology...the interest does not appear to be going away...I see no reason why HARTQ will not perform much like the others...time will tell and at these prices, I'm in for the ride. jj