Cal Dive International Inc (CDVIQ)

[I-Glow]

Here is the problem with the US Bankruptcy Laws - there is a hierarchy of priority of who gets paid.

1. The Government/IRS

2. Secured Creditors

3. Unsecured creditors

4. Preferred Shareholders

5. Common shareholders

In classes 2 and 3 there are sub-classes.

Remember if any Class above the Common shareholders are impaired then the Common shareholders are impaired and in most cases they are canceled.

With the company being liquidated - it will be devastating to shareholders.

I don't see any lawsuits being filed by shareholders - just wasting more money.

IG