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Since I didn't see anyone post this over the weekend...

http://www.williamscommunications.com/newsroom/newsreleases/2002/2002-07-26.html

I know this board is dead.. but thought I'd just throw that out there.


Air
Boss, when can I stop re-arranging the deck chairs?
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So do you guys think the reduced debt load will help? They seem to be only saving ~$30 million a year on interest payments. That's like putting a band-aid on a decapitation. Look for them to be acquired or go down again.
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Can someone explain what this means for the stock holders. Does this mean our stock will be worth 55% of its current value?

Are stock holders considered "unsecured creditors"? Maybe this release really does not have a thing to do with the stock holders.

Interpretation is much appreicated.

Corey
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You lost it all. The crooks keep thir jobs so they can do it all over again. It wouid be great to be Howard Jansen and be able to pull this
SCAM again.
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