Fatherknowsbest
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- Sep 19, 2003
- 136
- 0
I think many of you fine folks are looking at this from the wrong perspective. The Company promised $1 Billion + additional in stock to our creditors so that they would agree to the Chapter 11 reorg. plan. Now this money is going to the PBGC (Govt pension) folks instead.
Now that they (creditors) are beeing screwed too and are added to the list of exemployees, govt leaders, current employees, venders & everyone we do business with (don't forget our customers too). Where does it end?
Now the fighting will begin to see who loses this stock....GE Capital? Bank of America?......who?
What group of people has this Management not screwed, I ask? Even the whole Chapter 11 plan was/is a house of cards!
This just leads to the opinion that more Companies wish us ill today, than yesterday.
How many more torpedoes can the good ship take and stay afloat?
Now that they (creditors) are beeing screwed too and are added to the list of exemployees, govt leaders, current employees, venders & everyone we do business with (don't forget our customers too). Where does it end?
Now the fighting will begin to see who loses this stock....GE Capital? Bank of America?......who?
What group of people has this Management not screwed, I ask? Even the whole Chapter 11 plan was/is a house of cards!
This just leads to the opinion that more Companies wish us ill today, than yesterday.
How many more torpedoes can the good ship take and stay afloat?