Verso Paper Corp. (fka VRSZQ)

[Ricosauve]

You are correct...The official buy was Jan 14th (Thursday)...


I'm pretty sure they just need the money to clear their bank so they used the extension feature....

If they pay these interest/loan payments with the proceeds, then they will probably not file BK....

Any large payments to creditors 90 days before a BK filing are subject to reversal by the court if the company has other unpaid creditors at the same priority level or above that are unpaid...

That being said my opinion is that if they pay these interest payments, we are golden for at least 90 days and I'm sure the company is diligently working to get better terms/restructure its debt..

My understanding is sales are picking up....just not sure what % higher, but I think they are slowly turning things around...If they do get a better debt/restructure it should be almost assumed that sales have been improved dramatically as the lender will want to see those figures to base it on....

I've been picking up shares when I can down here....

Undoubtedly, some will see the fact that this news came out on Friday afterhours as being bad news so they may sell....Not much I can do about that...Let's hope some better update/news comes out by Tuesday morning....


GLTA


RICO