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Re: None

Friday, 06/29/2012 11:16:13 PM

Friday, June 29, 2012 11:16:13 PM

Post# of 267
The case is still going on...

https://ecf.tneb.uscourts.gov/cgi-bin/HistDocQry.pl?268666666505596-L_1_0-1

Small company with only 19M in assets at the time of the voluntary petition. In the document Jaxxstraw provided, it claims the company will be able to cover all secured and unsecured creditors as well other expenses (admin etc.) through asset sales, w some remaining should go to shareholders. If I understand correctly its basically like a liquidation except they're keeping the holding company. One person in management has about 7% of the shares so I suppose that's a good thing. I'm new to this stuff but so far everything I've seen points to good signs! I just may rank up a nice PACER bill on this one. Happy investing everyone!

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