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Re: diamondguru-one post# 75272

Friday, 06/05/2009 1:06:42 AM

Friday, June 05, 2009 1:06:42 AM

Post# of 749756
diamondguru-one, This company is in bankruptcy.

So the status of the shares are in a very special situation.

I traded the shares of United Airlines when they were in BK and I made very good coin, flipping many times, because of the volitility. It was a lot of fun.

But in the end, when they exited BK, the United Airlines shares were retired and made worthless, as a new pool of shares were created by the BK process.

I AM NOT SAYING this will happen here, because I honestly don't know.

But I do know it is NOT a foregone conclusion that the shares will be worth anything.

And this is NOT up to the SEC; it is to be decided and ruled on by the judge.

By the way, I'm a shareholder too. And I'm also an ex-WaMu customer of over 20 years. I just closed my Chase account.

Good Luck.


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