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Re: None

Saturday, 05/01/2010 11:52:36 PM

Saturday, May 01, 2010 11:52:36 PM

Post# of 328
I am not in this stock, but had a similar situation happen with Accuride. I bought 2000 shares at 50 cents each for $1,000. They then filed for bankruptcy. I believe the stock holders were given 17 percent of the new reorganized company. They did a 1 for 24 reverse split of my old shares, so I now have 82 new shares of ACUZ currently trading for $1.37 per share (not sure if you will be getting shares). I was given 1,124 warrants with an excercise price of $2.10 that expire 2/26/2012. The warrants (ACUZW) are trading for 23 cents each right now. Currently my investment after a year or so of holding is worth $370. It was a long court battle with an equity committee pushing for a higher payout for the share-holders. Your results will be different but this is one example of how the warrant situation played out.

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