School Specialty, Inc (fka SCHSQ)

[ilenes]

His decision is final...unless, there is fraud alleged and provable...then there is a 180 day window to vacate the BK decision.

In the POR, the stated intention is to issue new stock, but not have it publicly traded. My belief is that this is because it will be wildly profitable and they don't want shareholders to see just how profitable they'll be...but that is just my belief.

Ilene

[ducktor]

I thought his decision was final.

[Techguy26]

Just keep your eye on the otc corprate changes at otcmarkets.com

[ducktor]

Does anyone know when they will issue a new ticker....and how do we find that out?

[Techguy26]

They are reissuing new stock, no its not going away. This stock however. Pooof......

[cintrix]

all shares have been cancelled in case u didn't notice

[Black Beerd]

I agree...this will be the buy of a life time in the trip zero's. This is a big company and it was strong until all school budgets got slashed. I've seen this company and its not going away...JMO

[Pierre 74]

Lol

[Renee]

SCHSQ: Plan of bankruptcy effective. All shares cancelled.

http://www.otcbb.com/asp/dailylist_detail.asp?d=06/11/2013&mkt_ctg=NON-OTCBB

[ccfume]

When it hits 0.0001

[Pierre 74]

When's good to get back in?

[ErnieBilco]

Your shares go POOOOOOF in the morning.

I just want to see what happens

[BluSkies]

Lol I am doing this just to see what happens, nothing more but thank you!

[ccfume]

Good Luck

[BluSkies]

I am holding here. Very very small position. I just want to see what happens. IMO

[Pierre 74]

Yep read that, Thanks.

[ccfume]

Its bankrupt and the shares are about to be cancelled any day now. Do your DD before buying.

[Pierre 74]

Thinking about buying some shares? What's going on with this stock!!

[BluSkies]

Anyone think it would be a nice buy at .01? When do they plan to cancel the stock? Do you really think it will cancel overnight? I don't believe it will. IMO

[free_bee]

http://www.gurufocus.com/news/216382/seth-klarman--twenty-investment-lessons-that-should-have-been-learned-from-the-2008-crash

[uredaddybewho]

.0005 X 500,000 = 250

[BluSkies]

Going to .02 today! IMO

[uredaddybewho]

The buyers and sellers are the same people who play penny slots. This slot machine will be un-plugged shortly.

[g_luck777]

You must be joking......the ENTIRE daily volume equates to $3,000 trading hands for the ENTIRE day. even if the price skyrocketed 1000% there wouldn't be enough volume for any one person to get out unless your entire position amounts to $200. You guys are insane.

[BluSkies]

Have you seen these Q stocks before? They drop like this to their 52 week low and jump 50% sometimes 100% I mean obviously it is what it is but we'll see.

[g_luck777]

Whoever is buying into this clearly hasnt read the 8-k issued on may 23rd. The court approved re-organization current common extinguished on June 7th

[g_luck777]

Are you guys retarded or something? The court approved re-organization on the 23rd.....the current common will be EXTINGUISHED on June 7th. Its over.......NEW common will be issued to the debt holders.....ZERO distributions to current common equity. Did any of you actually read the 8-K issued on the 23rd? I don't want to come across like a jerk but all of this "wait for the run" garbage is crazy. this is a total loss for anyone that currently owns shares.

[BluSkies]

Does the explain the recent buying?

[uredaddybewho]

Equity Committee denied May 23rd 2013 by Judge Carey.
Company plan of re-organization was approved, but common stock will cease to exist. This is a fact, check it out for yourself. www.schoolspecialty.com

[1geb]

yes! she started jumping & now cooling off, WATCHING her, thx!

[BluSkies]

You didn't mention VLNCQ they are all jumping it seems.

[BluSkies]

This is going to have one last very nice run!

[Bluesea387]

This stock is going to sink right

[Bluesea387]

The company is going to cancel itself
According to one of their articles

[1geb]

nobody knows..it is a GAMBLE..dont PLSAY it with BREAD/MILK monies...other wise Qs r exploding... look the below!
AONEQ PPMIQ CEDCQ FNMA FMCC AMRQ PCXCQ EKDKQ ABKFQ(CANCELED)
GLTU!!!

[Bluesea387]

I thought this company was dead
And the new owners are closing this stock
Then it's going to become private
Everyone was saying to hurry and sell
What's the deal

[1geb]

AGREED 100%!!!

[BluSkies]

SCHSQ will see a run soon. Mark this post!

[1geb]

oops! wrong boardpls DELETE!!! zorry!

[1geb]

BEST monies made this year are: AONEQ PPMIQ CEDCQ FNMA FMCC AMMRQ PCXCQ EKDKQ ABKFQ(CANCELED) and others….AMAZING!!!!

[puffadder]

All these POS Q plays have a death run ...

don't know what it is but I picked up a chunk today and will wait til the spike hits.

[1geb]

dunno, yet! will read it and post later!

[BluSkies]

What you think I am skimming over it now. Looks like we had some buys and volume today.

[1geb]

she just got an 8K!
http://archive.fast-edgar.com/20130530/Aabt5znyo-i0-2TsZG-h2di-ep-hpK/

[BluSkies]

SCHSQ Company Expects to Emerge From Chapter 11

[BluSkies]

I wonder if there will be one last cover?

[Bluesea387]

thanks for the info

[ccfume]

You have to sell this within 2 weeks, the company will start reorganizing then. No you will not get your money back. The existing stock will be canceled. Do your DD on bankrupt companies.

[Bluesea387]

Did they say when like the next couple of weeks?
Also if I don't sell I just loose all that money or would they give me back
At the trading value
Also why won't it convert over to the new company. . Thanks

[ccfume]

Yes, the company is going to cancel the stock. It is worthless. You better try to get out while you can.