Thread: Telewest going into liquidation?
View Single Post
Old 24-10-2005, 16:16   #53
SMHarman
Inactive
 
Join Date: Jun 2003
Services: Cablevision
Posts: 8,305
SMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronze
SMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronzeSMHarman is cast in bronze
Re: Telewest going into liquidation?
The debt for equity swap certainly reduced your ownership of the firm, however as it would be bankrupt otherwise it could be argued that you have not been shafted. This explains what happened to the ADRs, an ADR was the US equivilant of the Share.
http://www.adrbny.com/files/AC5047.pdf
SMHarman is offline   Reply With Quote