The Golden Lounge

[eom7]

Any one watching YRCW? They just rolled their debt into equity... traded at $30 years back!

Edit: sorry - The Overland Park, Kan., company says $470 million of its outstanding debt was tendered by holders, which it will exchange with 37 million common shares and about 4.3 million convertible shares. Together that will make the stakes of current shareholders virtually worthless.