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LouisDesyjr

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LouisDesyjr

Re: ZQKSQ post# 552

Tuesday, 09/22/2015 9:14:28 PM

Tuesday, September 22, 2015 9:14:28 PM

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It is mainly liabilities greater than assets

That is the problem. All of the other classes, which are higher than the common shares, can not be made whole (paid off at 100%). Especially the unsecured creditors like vendors, so the secured loans become the new equity holders, and the existing common shares get wiped out.

Even though operations may improve, it is not going to save the existing common stock.

Louis J. Desy Jr.
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