just recieved bankruptcy mailing..

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  • TDF
    Triple OG nigga on GFY
    • Mar 2002
    • 27296

    #1

    just recieved bankruptcy mailing..

    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
    Sig heil

  • BJ
    Confirmed User
    • Mar 2002
    • 5590

    #2
    lawyers will get millions, and you'll get 10 bucks and a phone card

    Comment

    • TDF
      Triple OG nigga on GFY
      • Mar 2002
      • 27296

      #3
      Originally posted by PureMeds
      lawyers will get millions, and you'll get 10 bucks and a phone card
      i guess something is better than nothing
      Sig heil

      Comment

      • BJ
        Confirmed User
        • Mar 2002
        • 5590

        #4
        did you own their stock or does this have to do with web900?

        Comment

        • TDF
          Triple OG nigga on GFY
          • Mar 2002
          • 27296

          #5
          Originally posted by PureMeds
          did you own their stock or does this have to do with web900?
          actually a little bit of both.I'm guessing it's in regards to my stockholdership
          Sig heil

          Comment

          • sweetcuties
            Confirmed User
            • Feb 2002
            • 5859

            #6
            Originally posted by PureMeds
            did you own their stock or does this have to do with web900?
            I've got 2,000 shares of worldcom

            Comment

            • WiredGuy
              Pounding Googlebot
              • Aug 2002
              • 34517

              #7
              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.

              WG
              I play with Google.

              Comment

              • LUCL0NELY
                So Fucking Banned
                • Sep 2002
                • 1527

                #8
                i owe worldcom 2 billions. luckily they go bankrufted and forgot all about me

                worldcom

                Comment

                • BJ
                  Confirmed User
                  • Mar 2002
                  • 5590

                  #9
                  I own 27,000 sshares of xoxoq and Im holding on

                  Comment

                  • multisexsite
                    Confirmed User
                    • Oct 2002
                    • 929

                    #10
                    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

                    • TDF
                      Triple OG nigga on GFY
                      • Mar 2002
                      • 27296

                      #11
                      I hope its not some rinkey dinkey check...give me the moneyyyyy
                      Sig heil

                      Comment

                      • jimmy3way
                        Confirmed User
                        • Sep 2001
                        • 2508

                        #12
                        No shit? I got a few thousand shares of W-com....
                        One thing, I forgot this last detail: the Biz Markie will always prevail.

                        Comment

                        • pr0
                          rockin tha trailerpark
                          • May 2001
                          • 23088

                          #13
                          I saw that letter sitting downstairs as well. Do i own stock in them, or did i just use their phone service?
                          __________
                          Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

                          Comment

                          • playa
                            Confirmed User
                            • Feb 2001
                            • 6432

                            #14
                            shit i owned bout 1k shares of MCI,, (use to work for them)

                            i didn't know they can pay you shares,, i was just gonna write it off as a loss

                            Comment

                            • AllisonWonderland
                              Confirmed User
                              • Mar 2002
                              • 248

                              #15
                              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

                              • pimplink
                                Confirmed User
                                • Jun 2001
                                • 9535

                                #16
                                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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                                Comment

                                • TDF
                                  Triple OG nigga on GFY
                                  • Mar 2002
                                  • 27296

                                  #17
                                  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 me
                                  Sig heil

                                  Comment

                                  • BJ
                                    Confirmed User
                                    • Mar 2002
                                    • 5590

                                    #18
                                    anyways, when a comapny goes bankrupt, a zillion law firms file these suits in hopes of settlements. I wouldn't be the least bit suprised if you got 10 more letters from different firms

                                    Comment

                                    • dav555add
                                      Confirmed User
                                      • Jun 2001
                                      • 3427

                                      #19
                                      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

                                      • BJ
                                        Confirmed User
                                        • Mar 2002
                                        • 5590

                                        #20
                                        Originally posted by dav555add

                                        How many of you guys are buying stock at these ridiculously low prices???
                                        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.

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