Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: muffinXL One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2302  
Subject: MFN submits business plan Date: 12/9/2002 9:45 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
On the website of Muffy:

MFN submits long-term business plan to banks and the Creditor Committee
...late november,2002

well well, things do seem to clear up. It seems fair to assume that in the next few weeks we will know the fate of Muffy:

1. new company with dilution for the commons upto 5-10% or so of the newco.
2. new company with nothing for commons
3. final bankruptcy where it all ends without glory.

What will it be? Any idea's, comments on this?
I will opt for NO.1 as ordinary common....
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement