prepare to be disappointed. first we have to know whether or not esl's bid gets qualified. after that, it will have to be approved by the judge. if approved by the judge, the transaction will have to take place. there will need to be some plan of reorganization presented. if/when approved there will most likely be an sec filing for stock in newco. existing shldq stock will be cancelled. and maybe then we will find out whether or not shldq stock gets any exchange for stock in newco. the process will take weeks but most likely months. so long as there is no definitive announcement concerning existing shareholders the stock will trade based on rumors, leaked news, speculation or whatever.
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