Newsgroup: it.economia.borsa.estero
Titolo: HSAC Chi sa spiegarmi?

Salve
Sapete dirmi perche il giorno prima quotava 1.50 ed il giorno dopo 0.13,
possibile tutta questa perdita ?.
Grazie
Pino

LOUISVILLE, Ky., May 19 /PRNewswire-FirstCall/ -- High Speed Access Corp.
"HSA" (OTC Bulletin Board: HSAC - News) announces today that its Board of
Directors has authorized a cash distribution of $1.40 per share on May 30,
2003, payable to shareholders of record as of May 23, 2003. The $1.40 per
share distribution is the initial cash distribution pursuant to the Plan of
Liquidation and Dissolution approved by the Company's shareholders on
November 27, 2002.
The Company expects to make subsequent cash distributions totaling $.13 per
share prior to November 27, 2003. The amount of these intended subsequent
distributions may be higher or lower due to various uncertainties, including
but not limited to:
     *  the amount, if any, of the remaining $1 million balance of the
Charter
        indemnity holdback that HSA ultimately collects in connection with
        Charter's assertion of a potential claim for indemnity in respect of
        Charter in the IPO Litigation;
     *  the Company's  ability to dispose of or settle any other claims
        Charter may assert in connection with the sale of substantially all
of
        HSA's assets to Charter;
     *  the amount of the general contingency reserve (initially established
        at $2,000,000 or approximately $.05 per share) that HSA ultimately
        determines is appropriate to assure the settlement of its
liabilities
        during the dissolution process, and the amount of such reserve
        actually used to pay liabilities;
     *  the amount of time and money required to assess and resolve
        outstanding and potential litigation against HSA;
     *  the amount, if any, HSA receives upon liquidation of its remaining
        tangible assets net of any claims or liabilities;
     *  the total amount of HSA's liquidation transaction and administration
        costs; and
     *  any claims or potential claims that may arise before HSA is finally
        liquidated and dissolved or that management believes are likely to
        arise within 10 years of HSA's dissolution.
HSA will announce the record date for the determination of stockholders
entitled to subsequent liquidating distributions at a later date. After
completing such subsequent liquidating distributions, HSA also expects to
close its stock transfer books, cease the filing of periodic reports with
the SEC, and transfer its general contingency reserve and any remaining
assets and liabilities into a liquidating trust.
Cautionary Note Regarding Forward-Looking Statements about HSA: This press
release contains statements about future events and expectations that are
"forward-looking statements." Any statement in this press release that is
not a statement of historical fact is a forward-looking statement that
involves known and unknown risks, uncertainties and other factors which may
cause the company's distributions, actual results, performance or
achievements to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements,
including the actions and timing relating to the plan of liquidation and
dissolution. Specific factors that might cause such a difference include,
but are not limited to; the payment of a cash distribution may be smaller or
larger than currently anticipated and may cause the price of HSA's common
stock to fluctuate; the decline in the liquidity and price of HSA's common
stock following any liquidating distributions and any closure of our stock
transfer books; the tax consequences of any intended cash distribution may
not be advantageous to shareholders; the impact of assessing or resolving
potential or outstanding litigation; the magnitude of any claims,
indemnification, adjustments or reductions to the proceeds received by the
company in connection with the sale of certain of its assets to Charter; and
those risks and uncertainties discussed in filings made by the company with
the Securities and Exchange Commission. For a detailed discussion of these
and other cautionary statements, please refer to HSA's filings with the
Securities and Exchange Commission (SEC). The forward-looking statements in
this press release are as of the date hereof and the company assumes no
obligation to update these forward-looking statements.
-- 
Ciao
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London Ray :
redattore       di   
www.playitusa.com
collaboratore di   
www.ScalpingOnLine.Com
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