I "think" it's more a matter of what should be done under good accounting principles than by an order of the court. It appeared to be voluntary to me.
JJ
Posted by: Mr. Bill
In reply to: matrix who wrote msg# 990
Date:4/2/2007 10:34:29 PM
Post #of 998
Pursuant to the Bankruptcy Court Order, on September 8, 2006, the Company issued new common stock: 25,000,000 new shares of restricted common stock to investors, and 29,800 common shares to certain creditors.
Can the court order the stock to be restricted and if they do so will it override a normal exemption?
I am not a broker and profess to know nothing about trading stocks. Do your own DD. Buy, don't buy...sell, or don't sell at your own risk.