Quicksilver Inc. (fka ZQKSQ)

[1manband]

What do you guys think of this document from today?

Absolutely meaningless to the common shareholders. The unsecured creditors and unsecured debt holders, who together are owed hundreds of millions of dollars, are slated to receive just $12.5 million to split amongst themselves. Pennies on the dollar. They want more money, which is understandable.

But for common shareholders to have any chance of receiving anything, those unsecured debtholders would have to receive 100% of their claims. And no one will cough up the hundreds of millions of additional dollars to do that, much less give the common shareholders anything.

The common stock is still going to be cancelled, and will still be worthless.