Mary Junk Letter to Shareholders and Employers. Is Lee Enterprises Mary Junk telling the Truth?

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"a PDF of Mary Junck's Jan 23, 2012 letter to Share Holders and Employees.

Note that FIRST, she denotes ONLY a 13% dilution in the value of Lee Ent. stock due to: "The refinancing extends the maturities of Lee's borrowings to December 2015 and April 2017 and included the issuance of 6,743,640 shares of Lee Common Stock, amounting to dilution of approximately 13% in the base of outstanding shares."

SO, LEE Ent. just issued a bunch of more worthless paper, to the tune of 6,743,640squares of toilet paper. Nothing backing these but blind faith.

NEXT, LEE Ent. is planning on pulling a Houdini by doing a "reverse stock split", whereby the total number of issued shares of LEE Ent. stock would be HALVED, thus having the effect of IMMEDIATELY DOUBLING their value, and catching DUMB and IGNORANT Investors off guard and having those not in the know thinking LEE Ent. did something worthwhile.

LEE Ent. is a desperate Corporation with a desperate CEO who is pulling every trick in the book to loot LEE Ent. dry before it collapses into a worthless heap.

From Investopedia:

Investopedia explains 'Reverse Stock Split'

For example, a 1-for-2 reverse split means you get half as many shares, but at twice the price. It's usually a bad sign if a company is forced to reverse split - firms do it to make their stock look more valuable when, in fact, nothing has changed. A company may also do a reverse split to avoid being delisted.

Read more: http://www.investopedia.com/terms/r/reversesplit.asp#ixzz1l8e4TTKP

"The refinancing extends the maturities of Lee's borrowings to December 2015 and April 2017 and included the issuance of 6,743,640 shares of Lee Common Stock, amounting to dilution of approximately 13% in the base of outstanding shares.

Implementation required a voluntary, prepackaged Chapter 11 process that successfully concluded on January 30, 2012."

http://money.cnn.com/news/newsfeeds/articles/reuters/HUG1581233.htm

Thank you for holding LEE Ent. and their worthless Juncks' feet to the fire."

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Mary Junck's Jan 23, 2012 letter to Share Holders and Employees.