No actually it appears they are going to come out ok.
the offerings for any debt registered by feb 1 has risen from $.15 per dollar 00 to $.86 per dollar . this is by most of the big investment firms (deutche bank, smith barney etc.).
Which means that they are over 95% sure these debts will be paid. The debtors will probably receive stock for their debt if they do not sell it too one of the big investment firms prior to the bankruptcy settlement. the stock will probably have an 18-24 month hold on it to prevent a mass sell and deflation of the value. we follow everything fairly closely, since they owe me over $260,000. but..............as we all know that can change
however the big investment firms would not offer $.85 per dollar if they weren't pretty confident
Re: Any news on Adelphia?
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