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LCLiving

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Re: Alyssa post# 22194

Monday, 06/22/2009 6:07:39 PM

Monday, June 22, 2009 6:07:39 PM

Post# of 67237
No, it doesn't happen all the time. Companies don't just "wipe out" the old shares. They have to make their case to a Judge who then says yes or no. In this case, the board rejected a $9 per share buyout so for them to now declare them as worthless would be ludicrous.
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