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Joe Stocks

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Joe Stocks

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Re: south louisiana post# 91

Thursday, 04/22/2004 2:49:23 PM

Thursday, April 22, 2004 2:49:23 PM

Post# of 126
SL, I'm not sure how the MIRPQ is different from the common. Back last year I argued on the YHOO board that it should be treated like a bond. There was a bunch of disagreement. If it is treated like a bond, and currently trading at 28% of book, I would think there might be something there. However, this thing has gotten much riskier for me, and since I am notclear how MIRPQ will be treated, I'm staying away.

Can you shed some light on MIRPQ for me as far as where they stand in line to get paid??

Thanks.

Joe

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