Notice has been received that the above Company’s Plan of Reorganization (Plan) filed under
Chapter XI of the Federal Bankruptcy Code, became effective on November 9, 1999. Pursuant to the
Plan, holders of the above referenced securities will not receive any distributions of property on
account of their interests.
Members are reminded of their obligations under NASD Conduct Rule 2310 if they continue to
engage in transactions in the above security after the effective date.
Members are further advised that deliveries in settlement of contracts in the OLD securities, which
were executed prior to the announcement that the securities had been deemed worthless, shall be
evidenced by either a) the OLD security; or b) a Letter of Indemnity which shall grant the purchaser
any rights and privileges which might accrue to the holders of the physical securities. Such deliveries
shall operate to close-out the contract and shall be settled at the existing contract price pursuant to Rule
11530 (formerly Uniform Practice Code Section 27) subsection (b) (1) and (b) (2) adopted November
Questions regarding this notice should be directed to: Market Data Integrity Dept., (203) 375-9609.
Click here to view a PDF file containing UPC Notice 069-99 as published on the NASD Regulation Web site.