"Q" Watch - Stocks About to Exit Bankruptcy

[Carlito]

STNLQ !!0023 radar it !!!!!!!!!!!!!!!!!!!

!!!!!!!!!!!!!!Confirms coming out of Chap 11.

Per TA Old Monmouth just now: 04/30
@ 732-872-2727

a/s 650 m
o/s 179,358,604


board
-------
http://investorshub.advfn.com/boards/board.aspx?board_id=9164


fwiw

Posted by: nomoneyhoney1 Date: Monday, April 27, 2009 10:45:24 AM
In reply to: Serfcorp who wrote msg# 1449 Post # of 1555

Spoke to new CEO Bernstein:

Confirms coming out of Chap 11.

The original company had about 7 million in the
software, which they immediate plans to market to reinsurance
companies.

The reorganized company:

Investors put up 2.6 million
1 million or so to pay off secured creditors
Funds to pay BK costs and misc expenses
After paying off all creditors co will have a bit over 1 mil in cash and only one debt of 150k.

Investors have deep pockets in case additional capital is
needed.

New website is nearly complete, will release PR when website is ready in the next week or so.

Asked him some other questions but he said would have to
wait for PR as he cannot reveal anything else at this time.