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Re: jerry22 post# 1705

Friday, 09/19/2008 7:25:45 PM

Friday, September 19, 2008 7:25:45 PM

Post# of 10366
In theory, but usually there is a plan, and the plan is a compromise. Under the plan, they might say, "Bonds get 80c on a dollar, secured creditors 100 percent, unsecured 70%, and subordinate debt 40%, common shares get five cents a share." Then people can object, etc.

So it's a gamble. If there's no money, there's no money. But I don't see there being no money, and the K, L, M, and Ns are one of the largest creditors.

DISCLAIMER: I am a dirty, rotten penny investor. I am not compensated by any stock. I've asked them to pay me, they refuse. I buy stock on the open market. I sell it there. I like money. I am greedy. I am under the care of a psychiatrist.

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