J
Jay C
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Originally Posted by Spaghetti View Post
I can see this happening too. YRCW can easily shut the doors tomarrow or 12/31/10. Not just because of ABF's lawsuit, but because YRCW got the vote passed and now they no longer have to honor the (original contract).
This new contract doesn't start til 01/01/11, which also waves the old contract. Now, no one will be entitled to any pension contributions for the last 18 months. The $325 million just went to the investment bankers, as their payoff.
The investment bankers weren't going to make their money on the reverse split in the Stock Market. YRCW just covered their with a lot of people's retirement money, by the use of the Homer Simpsons' of YRCW that voted Yes.
three paragraphs, ninety words..not one truth
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