Wellman, Inc. (fka WMANQ)

[Duffau]

Reorganization Plan submitted by Wellman.

No surprises here. Creditors get everything under the plan and shareholders get nothing.

If plan accepted, then new shares issued in a new company. They say they don't expect to liquidate, but a plan has to be approved for that not to happen.

Eastman damages if any and NOL money goes with the new company.

Where is that knight on the white horse??