Tuesday, April 24, 2007 1:06:43 PM
I think it makes sense. IMO they should request permission otherwise why bother following any terms of the court order. By going back to the judge, this helps to show the error was an oversight and not some pre-planned scheme. Getting the judge's approval will provide legal cover on the fix.
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As far as I am concerned this is fraud and if they insist on pushing the reverse through I intend to turn this over to my securities counsel to defend my rights in court,
Why wait? I doubt the company will screw the participants in the BK proceeding to solve the problem. So, look for a r/s or a lot more stock being issued to them.
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