RE: Reality "Therefore, if Yellow Media Inc. becomes bankrupt, liquidates its assets, reorganizes or enters into certain other transactions, Yellow Media Inc.'s assets will be available to pay its obligations with respect to the Debentures only after it has paid all of its senior and secured indebtedness in full. There may be insufficient assets remaining following such payments to pay amounts due on any or all of the Debentures then outstanding."
Bluecollar, I am well aware of that. Right now my cost base is just a little over $9, or 9 cents on the dollar. If it is not settled by Oct 1 then it is 6 cents on the dollar. People here say nothing will happen until early 2013 at the earliest, so my cost base will be just over 3 cents on the dollar at that time. If it drags into the Fall of next year, then they are free. So what am I risking, really? Do I really believe even in the worst case scenario that I will get less than 3 cents on the dollar? If that were the case then all shareholders would be wiped out and this company would be bankrupted and disassembled. It is the only way it can happen. You said other debtholders will be satisfied before me? That is true...and I will be satisfied before any shareholders see anything, so I guess you guy's are actually hoping I make a bloody killing...Right? If I don't get fully satisfied then you guy's do not even own 1 share because when the money runs out, equity is used to pay the bills.
I am not too worried about it. My speaking about face was only as a legal entitlement. I am well aware that what ever happens I will never see anything close to that...but it still should be profitable.