Still believe my reason for buying DESTQ is valid.
My primary reason for buying DESTQ shares almost 2 years ago was that I believed once the bankruptcy case was resolved (by having a POR submitted and approved by the BK court), that Marquee Brands would eventually merge with the debt-free shell that remained with its ~$200M in tax assets still intact (NOLs).
I believe that is still a possibility today, almost 2 years later.
Even though DESTQ shares will probably be moved to the grey market tomorrow and will be difficult to either be bought or sold, unless those shares are CANCELLED after the POR is made effective, those shares are still "real" and could be "resurrected" by Marquee Brands with a name and or ticker change by merging with the remaining DESTQ shell.
As it did from the beginning of this BK, it all depends on what is proposed in a POR. If the court finally pushes DESTQ to submit a POR after the upcoming Omnibus Hearing, then we will probably know the final fate of DESTQ shares.
All the above are just my own opinions.
