Leap Wireless International (LWIN) | Stock Discussion Forums

To: J.B.C. who started this subject	9/21/2004 2:57:05 PM
From: Dennis Roth	of 2737

Leap Announces Participation at Jeffries Investor Conference Monday September 20, 7:30 am ET biz.yahoo.com SAN DIEGO--(BUSINESS WIRE)--Sept. 20, 2004--Leap Wireless International, Inc. (OTCBB:LEAP - News), a leading provider of innovative and value-driven wireless communications services announced the Company's participation at the Second Annual Jeffries Communications and Media Conference to be held at the New York Palace Hotel in New York, N.Y. from September 22 to September 23, 2004. Bill Freeman, Leap's CEO, is scheduled to present at the conference at 11:30 a.m. Eastern Time on Wednesday, September 22, 2004. The presentation is expected to last 45 minutes and will be broadcast live over the Internet. Investors and other interested parties can listen to the live webcast of the presentation by accessing the "News and Events" page of the "Investor Relations" section of the Company's website, leapwireless.com. The webcast will be archived on the site for 30 days. Listeners should go to this site at least 15 minutes prior to the event to register and download and install any necessary software. The webcast of the presentation will also be available at jefco.com [ snip ]

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To: Jeff Vayda who wrote (2678)	9/27/2004 5:52:11 PM
From: Lance Bredvold	of 2737

Jeff; Don't know if your question was rhetorical or if others will respond with sincerity, but there is at least one very good reason. Debts are legal responsibilities and must be paid to the maximum extent possible. Equity is nothing but an investment based upon potential for profit above the legal debts. When debts cannot be paid in full or on time, the place to get assets to repay them is from equity investors. People who bought the debt were making an assumption of how much equity backed their debt instrument (debt to equity ratio) and the company took on equity in order to be able to sell some debt and get some equipment loans. But you knew all that. I wanted to say it because of the number of new equity investors I hear complaining that they should get part of the money which goes to repaying debt. There is no reason for that. Even Harvey White said he would ask the administrators if some money could be given to common stockholders. If he had said that before the actual bankruptcy filing, one should probably have found reason to question his knowledge of bankruptcy law. Or actually, since he said it afterwards, I should have questioned his knowledge of just how unmaneagable LWIN's debts had become. Best regards, Lance

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