Adelphia Recovery Trust (fka ADPAS)

[Hug Life]

Don't forget the "potential Rehabilitation Transaction." Getting lost in the discussion is the fact that for eight years Adelphia has been discussing a "potential Rehabilitation Transaction" to bring value to shareholders. I am fairly certain that most of the money from the tax return will be staying with the company and will be used as part of that transaction.

Btw, there have been legal cases regarding this "potential Rehabilitation Transaction." It seems that certain parties know about it and are trying to get a bigger piece of the pie than they are entitled to.

In other words, I don't think we are getting a huge payday immediately. But, down the line I think we could hit dollars per share as the company emerges from Chapter 11 as a shell with a mountain of cash. I would not be surprised if a rather large company reverse merged into Adelphia in a few years.

However, I am not sure about the extent to which AT&T's interest in the company factors in to all of this.