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USG Corporation Message Board

  • froddoislost froddoislost Nov 16, 2004 1:44 PM Flag

    What are the creditors chances?

    I see this thing here, with the motion to file an involuntary reorg plan.

    I say to myself; "That could be bad". And I think also, "What are the chances that this could happen?"

    Does anybody know this Judge Fitzgerald? Is this something she would consider, especially in light of Judge Conti's status conference to be held the next day in Pittsburg?

    I guess I see the stock coasting back down, and I am thinking I should probably lower my exposure awaiting the outcome of this. The creditors are asking for all of it, and I know that's not right, on the other hand, the judge could just say "okay", and go golfing, without a second thought about it. Leave us with nothing. On the other hand, I've got a four bagger already . . . could just split with the cash and watch it from the sidlines.

    Hmm. . . .

    Anybody else have some input here?


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