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To: garydmedia who wrote (4)4/13/1999 2:02:00 AM
From: Dan Sherman  Read Replies (1) | Respond to of 14
 
It's my understanding that we will have the "right" to purchase at $27 based on how many of the valueless shares we own which, at this point, is a valueless right. But there is no value in this unless the new shares rise above $27.

But now I've just seen a post by Jac that says CNBC is reporting that old shareholders will be able to trade in 1000 old shares for 47 new ones. Who knows? I'm sure we'll get to the bottom of it soon.

Keep the faith!

Dan