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Post# of 70634
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shajandr

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shajandr

Re: aidytrader post# 47919

Thursday, 05/31/2018 11:30:58 AM

Thursday, May 31, 2018 11:30:58 AM

Post# of 70634
No, because filing BK would lett the numerous creditors to become majority stockholders as a result of a Chapter 11 bankruptcy. The insiders like Stillwaugh want to stay in their yobbs and draw salary, benefits, and medical insurance.

And they keep on filing to stay current because toxic financing agreements usually REQUIRE the company to stay current so Rule 144 is available to the CONverters to CONvert their floorless debt into free trading, newly issued shares. If the company fails to stay current, there are usually huge penalties AND a default claim to the creditors.










































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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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