Joe - The article was from the LATimes. Peregrine is a software maker unrelated to the ipp industry. The point in my view was the preservation of s/h interest in a bk where debt was reduced. Not a large point, but there does seem to be a trend of preserving s/h equity to some degree, and given the favorable possibilities with PEPCO and income producing assets held by MIR, I remain cautiously hopeful.
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