Blue's BS, anytime one of these q's merge there is that cautionary statement that the shares may cancelled or not worth anything, on the other hand they don't say, these shares that you can buy for pennies will be dollars soon!
Blue forgot to mention this, the BK Judge, Sontchi, approves paying AMS employees bonus's, and that AMS has other sales which have closed to pay other debts!
Early this week, Sontchi granted AMS the right to extend $870,000 in bonuses to key employees to ensure that they will stay with the company through its transition. A hearing on additional retention bonuses is Tuesday.
During bankruptcy, AMS sold its Publishers Group West subsidiary, a small-publisher unit, to Perseus Books. Perseus agreed to pay PGW clients 70 cents on the dollar for their claims.
So if the BK Judge is approving bonuses to employee's there has to be plenty of money to pay the creditors as well!
This is just the begining of the story, I will be pulling the BK docs from Pacer over the weekend to review!
This info is not to be construed as a solicitation to buy/sell securities. Hdogtx reserves the right to either BUY/SELL shares in a company's stock he mentions.
This info is not to be construed as a solicitation to buy/sell securities. Hdogtx reserves the right to either BUY/SELL shares in a company's stock he mentions.
