Wellman, Inc. (fka WMANQ)

[Duffau]

I was shocked that the 'Plan' that Wellman offered proposed the continuation of the business. I had assumed that the plan would be to auction off the assets before the end of the year and give the creditors the money raised that exceeded the DIP financing. I was wrong.

Therefore, I still have hope that while the debtors and creditors fight over the details of the plan, the Knight on the white horse will come in and offer to buy the whole shebang.

So don't jump yet.