Replies to post #525 on Wellman, Inc. (fka WMANQ)

[Duffau]

>$124 million in assets

I didn't see that when I thumbed thru the papers. Page?
Besides, they are doing financials for the filing and more will be known shortly.

I'm assuming that you left out the word 'net' for assets and that total assets approximates 124 million more than the debt figure you listed.

[Duffau]

Plant is worth more than 124 million alone.

The company asked for an extension of time so they could do a proper analysis of their valuation. I feel that 124 million is just a fraction of their total assets because the plant where the employees work is worth way more than that. Anyone up to checking the county tax records to see an assessment?

[crad]

I have been thinking about this post all day. i talked to a friend in the lending bussines and he said your right. no way is a bank our any one else going to lend money unless it is iron clad, this applies even more so in bankrupsy. the only thing that makes me a little nervious is the fact the pps is so low. My question is why havent insiders been goobling this up? any thoughts