To: Dog Gone
They ahd been hoping to get enough support so that they could work their way out of bankruptcy. The holders of most of their debt were willing to work with the company - after all the only other choice is write off their investment. After adding another $3.3 billion to their losses, however, I can't see how they can continue to work with the company. How can they trust any financial information that the company provides? This could be the final nail in the coffin.
To: Non-Sequitur
Work there way out of it ...My sweet patootee! Worldcom would buy a company, issue more stock, lay off or fire most of the people at that company.. they did this over and over, until the stock they were issuing was junk. All the while Sullivan and Ebbers were looting left and right.
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