New Century Energy Corp (fka NCRE)

[Trueheart]

Flatsixer, thanks for the thoughtful comments.

One good thing we have in the Chapter 11 filing is that it is for reorganization of the company. Chapter 11, as you know, proposes that the business remain alive and creditors are to be paid over time.

A Chapter 7 bankruptcy filing would have liquidated the company.

As you said, there is a timeline for the filing of the disclosure statement and a plan for reorganization to be filed in court.

I can only hope that it is in favor of the common shareholders.

Trueheart