Re: Encouraging News (Was Sad news)

[Joe Pluta <joepluta@xxxxxxxxxxxxxxxxx>]

Don wrote:
> OK guys,
>
> Before it gets to be a long night...  I think we've figured that they're
> coming out of chapter 11 and, at least for the time being, things are
> looking status quo and OK.
>   
I don't know where you get this stuff.  It's NOT status quo.  It's NOT 
OK.  When a company stiffs its creditors to the tune of 85 cents on the 
dollar, that's a bridge that's pretty severely toasted.  It may be that 
Penton is getting entirely out of the printed material business and so 
it's not a problem to default on debts to printers.  And who knows, 
maybe the printers are happy to get 15 cents on the dollar.

I sorta doubt it, but I don't know.

But I'm a little pissed off at being called a doomsayer when all I did 
was say that Penton declaring bankruptcy is a sad thing.

Because it is.

Gz, Louise, it's a freaking Crazy Day in Bizarro World when I get told 
to lighten up by DON...