Worldcom emerges

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  • baddog
    So Fucking Banned
    • Apr 2001
    • 107089

    #1

    Worldcom emerges

    MCI survived their Chapter 11 and they're ba-a-ack.

    Probably a good time to pick up some of their stock.
  • candyflip
    Carpe Visio
    • Jul 2002
    • 43074

    #2
    What does this mean for old shareholders? My girl used to work for MCI and was sitting on a shitload of shares before they went under. Could they potentially be worth something again?

    Spend you some brain.
    Email Me

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    • TheRedZone
      Confirmed User
      • Jan 2003
      • 147

      #3
      http://biz.yahoo.com/pz/040419/56059.html



      Press Release Source: Parker & Waichman Attorneys at Law


      MCI WorldCom Expected to Emerge from Bankruptcy Later this Week; Shares of WCOEQ and MCWEQ Likely to be Cancelled, Announces Parker & Waichman
      My IQ is higher than my postcount, but it hasn't really helped me that much....

      Comment

      • egonetworks
        Confirmed User
        • Jan 2004
        • 6706

        #4
        They're still a rip off when it comes to Bandwidth.

        Comment

        • baddog
          So Fucking Banned
          • Apr 2001
          • 107089

          #5
          Originally posted by candyflip
          What does this mean for old shareholders? My girl used to work for MCI and was sitting on a shitload of shares before they went under. Could they potentially be worth something again?
          I hear they make nice placemats

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          • tbabe
            Confirmed User
            • Dec 2003
            • 2494

            #6
            Originally posted by baddog


            I hear they make nice placemats
            and wallpaper

            Still one of the best programs on the net.


            According to their banner, you can get rich.

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            • AcidMax
              Confirmed User
              • May 2002
              • 1827

              #7
              I think there is still the class action lawsuit though. I didn't read the details but know I got automatically entered into the class action suit against them. I had a ton of shares of WCOM (could have been retired already) and they bottomed while I was still employed there back in 2000 - 2001.

              Isn't MCI just the Long Distance division of WorldCom though? What about the rest of the company they were split off from each other for some time. I havn't kept up on it since end of 2000.
              Latest MMA news. http://www.mmawrapup.com

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              • FlyingIguana
                aspiring banker
                • Mar 2002
                • 10870

                #8
                from what i heard the equity will be recycled, meaning debt holders will replace the currect equity shareholders.

                mci has who i would consider one of the best ceo's in the world. once the equity thing is fixed up i would look into investing in mci for sure.

                they changed the name to mci because worldcom has too much scandal around the name.
                Last edited by FlyingIguana; 04-20-2004, 09:42 PM.

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