Sunday, June 12, 2016 6:07:57 PM
EXCERPTS FROM THE 04-29-16 FILING
ARIOQ Stock investors don't get a final accounting until a bankrupt company files a disclosure statement, which details the terms of recovery for each class of creditor and announces whether existing shareholders get anything. Until then, the stock continues to trade as secured creditors and unsecured creditors fight over the company's worth and investigate potential lawsuits that could bring money into the bankrupt estate. Some investors bet on the stock, while those who sold it short—borrowing shares and selling them, hoping to buy them back later at a lower price—unwind their positions. Purchases by short sellers can sometimes lead to a temporary runup in price.
http://www.bloomberg.com/news/articles/2011-05-19/why-people-buy-stock-in-bankrupt-companies
Final Order shall mean an order of the Bankruptcy Court or a court of competent
jurisdiction to hear appeals from the Bankruptcy Court which, not having been reversed, modified, or
amended, and not being stayed, and the time to appeal from which or to seek review or rehearing of
which having expired, has become final and is in full force and effect.
(PAGE 5) This means that nothing is definite until the court has ruled.
Class(es) of Interest Holders
(PAGE 12)
The Proponent may also seek to modify the Plan at any time after Confirmation so long as (1)
the Plan has not been substantiallyconsummated and (2) the Court authorizes the proposed modification
after notice and a hearing.
(PAGE 17)
ARIOQ Stock investors don't get a final accounting until a bankrupt company files a disclosure statement, which details the terms of recovery for each class of creditor and announces whether existing shareholders get anything. Until then, the stock continues to trade as secured creditors and unsecured creditors fight over the company's worth and investigate potential lawsuits that could bring money into the bankrupt estate. Some investors bet on the stock, while those who sold it short—borrowing shares and selling them, hoping to buy them back later at a lower price—unwind their positions. Purchases by short sellers can sometimes lead to a temporary runup in price.
http://www.bloomberg.com/news/articles/2011-05-19/why-people-buy-stock-in-bankrupt-companies
Final Order shall mean an order of the Bankruptcy Court or a court of competent
jurisdiction to hear appeals from the Bankruptcy Court which, not having been reversed, modified, or
amended, and not being stayed, and the time to appeal from which or to seek review or rehearing of
which having expired, has become final and is in full force and effect.
(PAGE 5) This means that nothing is definite until the court has ruled.
Class(es) of Interest Holders
(PAGE 12) The Proponent may also seek to modify the Plan at any time after Confirmation so long as (1)
the Plan has not been substantiallyconsummated and (2) the Court authorizes the proposed modification
after notice and a hearing.
(PAGE 17)
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
