Under the Plan, Golden Minerals Company, a new
Delaware corporation, will hold the Company's assets
upon emergence, and the Company will be liquidated
in accordance with Cayman Islands law.
The current equity holders of the Company will receive
no recovery under the Plan and the ordinary shares of
Apex Silver Mines Limited will be cancelled through
the liquidation process.
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Tax loss option eliminated when original commons are cancelled
and new ones issued.
Look at what is happening with Washington Mutual,
check out about the NOL, you'll know what I mean.
by terrycarter
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That's sound like common sense -
new issued -
taking over the Apex tax lose etc. -
God Bless