The Daily Speculate w/ Asnap and Co.

[Rapturos]

Most likely they will cancel shares and reissue new equity when they emerge from bankruptcy, thus making any shares held worth zero.

But seeing as the Pilgrim family owns 22 mil of the 74 mil shares outstanding, they may issue some warrants when they emerge. I wouldn't count on it though.

The recent price runnup, could be the Pilgrim's buying up shares on the cheap for just this reason.

But even if that was the case, the emergence will be a year off probably, so their should be significant downward pressure at some point if you want to grab some on the cheaper in about 6 monthes.


I mean this is all speculation, so...