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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: David Sirk who wrote (10875)	3/31/1999 10:48:00 PM
From: lightfoot	Read Replies (1) \| Respond to of 15987

HARTQ, did you look on yahoo? Bankruptcy 1 Shareholders zip nada! From this filing! sec.yahoo.com On October 6, 1998, the Company announced that it had executed an agreement with the holders of a majority in principal amount of the Senior Notes to support the Plan of Reorganization to be filed under Chapter 11. Under the Plan of Reorganization, all currently issued and outstanding common stock and other equity interests of the Company (the "Old Common Stock") will be canceled. Holders of the Senior Notes will receive 97% of the outstanding common stock of the reorganized Company (the "New Common Stock"). Holders of the Convertible Notes, Old Common Stock and certain litigation claimants will receive the remaining 3% of the New Common Stock, plus warrants to purchase up to 10% of the New Common Stock on a diluted basis. The Company intends to implement the Plan of Reorganization by filing a voluntary petition under Chapter 11 as soon as practical. The Plan Support Agreement, which originally expired on November 13, 1998, has been extended through December 4, 1998, or such later date as the parties may agree. There can be no assurance that the Plan of Reorganization will be consummated in a timely manner or at all. The new filing! sec.yahoo.com