.<font color=red>Diomed - Whats next?
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Will share holders get any proceeds from the asset sales for the BK?
..."We need to get more information and see what sales the court will approve. We have to go down the list we have secured creditors we need to pay, and then we have preferred share holders and then common shareholders. Right now I do not know how much common shareholders will get, if anything at all"...
You just received large settlement from the patent litigation. I did not see this on the last balance sheet so you may be in the green and have some money for the common shareholders now right?
..."We are still operating the business and bringing in some sales and again we need to see what happens with the sale of our assets, its unfortunate and I am sorry it happened this way. I do not know how much common shareholders will get, if anything at all"...
The pending sale of assets is that for everything excluding the judgments?
"Yes and excluding some patents"
The stock price really dropped should a stock holder hold onto their shares in hope that they will get any money from the BK?
..."Is ridicules how much the stock dropped I can’t believe it. You know I really can’t tell you what to do. We might be able to sell this as a shell and usually the company buying the shell will, you know, give the share holders something."
So the common share holders shares may not be completely worthless then?
..."Companies like to buy public shells we will try to sell it"
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-Mike
*I do not own any shares in this company. I wrote these quotes to the best of my ability.
AI
