Fremont General Financing 9% TOPrS (fka FMNPQ)

[Enterprising Investor]

The NWA Plan is the best deal.

I never redeployed capital into FMNPQ. No regrets. I was able to put money to work in other deals - FCY, LHHMQ and SKRUF - that have already generated a higher return than holding FMNPQ to confirmation.

I still own FMGC.GB. Although investing in distressed debt may appear to produce lower rates of return when compared to common and preferred stock, the ability to use a margin account is an advantage. It can nearly double your return if you are willing to take that much risk. Capital appreciation reduces the risk and produces more buying power over time.

Now, I just want my money back! ;o)

If, or should I say, when, the NWA Plan is approved, I will do my part by buying some votes.