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Re: lineItemVeto post# 32028

Thursday, 09/24/2020 11:43:21 AM

Thursday, September 24, 2020 11:43:21 AM

Post# of 63388
You are referring to this...

Since they still trade, the company must continue to file SEC reports with information about significant developments. For example, when a company declares bankruptcy, or has other significant corporate changes, they must report it within 15 days on the SEC's Form 8-K.


But forgetting this

A bankrupt company, the "debtor," might use Chapter 11 of the Bankruptcy Code to "reorganize" its business and try to become profitable again. Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court.


Huge difference, our company is following guidelines, wont see an SEC filling until Judge makes final ruling.

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