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MGTY1

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MGTY1

Re: brokeashell post# 870

Monday, 01/04/2010 11:48:15 PM

Monday, January 04, 2010 11:48:15 PM

Post# of 4759
If Chapter 11 is truly a "restructuring" avenue then there is no problem. I really don't see how the court would allow the shareholders to be shut out when the company has spent so much in capital previously. If the company was unable to meet the restructuring guidelines then it would have filed a Chapter 7 correct?

Also, I don't think the court would let India get cancelled without providing more information to shareholders. I believe there is news to come and the shares will rise drastically. Look at the worldspace website under contact info or worldwide offices. Those offices were not all listed a month ago.
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