Replies to post #53 on Congoleum Corp (fka CGMCQ)

[Hooka]

great point, that's why I'm staying away, still I think the is money to be made in the very very short term

[MarsBodo]

Lurker, thank you very much for explanation. I do not find this issue attractive anymore.
MESAQ- is much more attractive= less risky, wouldn't you agree?

[Salty Pepper]

The bet here is that the creditors can use the infusion of 100 million as a starting point to getting return.

If this company can put an acceptable plan in front of their creditors, using both the 100 million and profits on future revs then the share structure should stay mostly in tact maybe with some tweaking.

Remember, in a bad business climate this company still approaches 200 million a year in revs.