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Investorman

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Investorman

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Re: Modern_Rock post# 5948

Saturday, 07/11/2009 12:51:14 PM

Saturday, July 11, 2009 12:51:14 PM

Post# of 7196
The BK court said that 10% of the new company would go to the old bondholders. They didn't much like this because 10% of the new company isn't worth anywhere near the face value of the old bonds, not to mention they will lose the interest on the bonds.

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