Wellman, Inc. (fka WMANQ)

[Duffau]

The court just approved orders extending certain leases until December 2008. That's also the end date for getting enough votes from creditors for the approval of the plan plan of reorganization.

The super priority of debtor in possession financing and the fact that the company can only muster break-even without paying interest guarantees to me that nothing will be left.

But I will continue to hope.

As to the board directors and management, there is no chance of finding them culpable IMO.

I've learned a lot about chapter 11 bankruptcy lately. And what I learned the hardest is that it is foolish to hang on to a stock that is in bankruptcy. I was so foolish.....