I just recieved a bankruptcy statement from an atty. regarding Worldcom. Looks like I'm going to be getting in on a huge lawsuit in regards to this...ziiiiiiiiiiing
just recieved bankruptcy mailing..
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I got one of those kind of letters from a mainstream client who couldn't afford to pay my bill. It's been about 9 months now since the first letter and I am still waiting for bankruptcy court to finish so I can collect like 28% on the dollar of what was owed. How great is that...
Lesson learnt, mainstream companies don't have money. Porn companies do.
WGI play with Google.Comment
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Trust me.. worldcom wouldnt forget anyone owing them money just because they went bankrupt.. they could sell all debts owed to them to a collection agency and pull in some quick cash.Comment
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I saw that letter sitting downstairs as well. Do i own stock in them, or did i just use their phone service?
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Those letters were a mass mailing, I got 3 of them today, all addressed to 3 spelling variations of our company name. My guess is that anyone who ever had any financial dealing with them (phone service, etc.) at all got one.Comment
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Originally posted by toodamnfli
I just recieved a bankruptcy statement from an atty. regarding Worldcom. Looks like I'm going to be getting in on a huge lawsuit in regards to this...ziiiiiiiiiiing
I've had mailings from Millberg Weiss [the law firm most responsible for these securities class actions] for half a dozen stocks I owned during the dot bomb days. My tip is: Don't scope out your next mortgage on the hopes of a big payoff. Its usually cents on the dollar and only after you've filed tons of paperwork to prove your membership in the "class."
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Originally posted by pimplink
I've had mailings from Millberg Weiss [the law firm most responsible for these securities class actions] for half a dozen stocks I owned during the dot bomb days. My tip is: Don't scope out your next mortgage on the hopes of a big payoff. Its usually cents on the dollar and only after you've filed tons of paperwork to prove your membership in the "class."
i still live ghetto fabolous...no penthouse apt. in the sky for meComment
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Hey
I bought 1000 share at 7 cents each, figure if they get back from bankkruptcy I'll make money selling themat $50 in 10 years, if not, oh well. just wasted 70 bucks...
just feel sorry for the people who used to work there
How many of you guys are buying stock at these ridiculously low prices???...Comment
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I buy lots, but the important thing to realize is that a lot of these penny stocks are simply securities and they no longer trade on the nasdaq. It is very risky, but if you can buy 5,000 shares of a company like xoxoq for 100 bucks its worth the risk. Because if they ever do get thir heads above water and get re-listed you could be looking at a small fortune.Originally posted by dav555add
How many of you guys are buying stock at these ridiculously low prices???Comment


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