Can anybody advise whether Telewest is worth investing in yet, I have noticed the shares nudging up slightly although rumours where abound about restructuring the company.

Ian

Yes, why should they pay compensation?

I have a few shares in a company which I used to work for (nasdaq quoted too!) After buying the shares, I looked into it's past and discovered that it was company no 2. (I have wished I had looked into it before buying the shares.)

Company no 1 was orginally issued at $8+ and listed on the Nasdaq. A couple of years later it got into trouble and was sold to company no 2 (of the same name ironically, but with 2 next to it!) and was delisted. I don't think the orginal shareholders got anything after all the creditors were paid off.

Company no 2 then was reissued @ $4+ a share and listed on the Nasdaq. The company has since got into trouble again, and had a rights issue, which no one took up, except the Chairman, who was given the right to take up all the other shares not taken up. He used to own 20% of the company. Now he owns 80% of the company. The other 80% he orginally didn't own is now worth only 20% of the company. Can you see where this is heading?