Unfounded Speculation
23-May-94 10:45:38
Sb: #147950-Unfounded Speculation
Fm: J Saperstein/FontBank 75300,632
To: Garry Nelson 76470,2663
"it's almost like a media blackout"
It really isn't. Even though it's been delisted, Commodore is still a
publicly held company and subject to the rules of the SEC. Any developments
having a material effect on the company must be reported in a timely manner
lest Commodore's management itself face costly lawsuits.
Commodore's creditors as well also have a right to material information on
the company's prospects.
As the liquidation itself gets underway, there will be regular reporting to
the Bahamian court as well.
So, unless Commodore management and its trustees are deliberately trying to
get themselves sued, you can reasonably assume that there's no news of
substance to be reported.
Jerry