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LouisDesyjr

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LouisDesyjr

Re: Levronefullblown post# 1632

Wednesday, 07/29/2015 8:41:21 AM

Wednesday, July 29, 2015 8:41:21 AM

Post# of 1755
There will be no 'winnings'

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114956640

From an earlier posting. IF the company could sells its assets for at least what they are on the book for, then there would be something to distribute to the shareholders.

The problem is that the assets are probably worth much less than what they are being carried for on the books, so the equity will get wiped out. The sales are not going to cover the unsecured liabilities, so the common shares will get zero and delisted at some point.

Louis J. Desy Jr.

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