RE: Dex One Results October 25 I'm sorry to come across as ignorant on this matter - but could one of you (Phoenix or Bradford) please explain to me why you are so excited about DEXO and SPMD. Both companies are creations of a bankruptcy. DEXO entered the market in 2010 at $30 a share (in other words this was the post bankruptcy price or the fresh start price and now its trading in the 1.30's range) and SPMD post bankruptcy price was $40 and now it's trading at $3 a share. So I don't understand why everyone is fascinated by them and saying that YLO should learn from these two- YLO is going through a recap (CBCA) not a bankruptcy. This is DEXO and SPMD's second time around and they've lost over 90% of their value again - their combined market cap is less than 120 million. So what am I missing- I understand that they started buying back debt at a discount - but this debt was accumulated after the slate was wiped clean wasn't it? I imagine it was a full bankruptcy where the debt was cleared and the creditors got the new shares and the equity holders were wiped out. Are there only common shares for these two companies or are there other forms of equity shares that I'm not aware of? YLO's recap proposal ensures that all equity holders get something albeit a small piece, but isn't it better than what the R.H Donnelly and Idearc shareholders received? I'm honestly just asking to understand it better- I assume I must be missing something.