PAO Group Inc (PAOG)

[rca]

MCLD never filed for bankruptcy, Serf. Rather, they entered into some state scheme "for the benefit of their creditors." The state program is similar to bankruptcy without the oversight of a trustee, which allows the company to be more fair to creditors friendly to it. The point being, it doesn't take a bankruptcy to do tricks with common stock. Common stock can be cancelled. Take AOGS, which cancelled shares after a property deed was not delivered to it.