InvestorsHub Logo
Followers 12
Posts 977
Boards Moderated 0
Alias Born 03/01/2008

Re: zatafour post# 76349

Monday, 05/03/2010 8:32:17 AM

Monday, May 03, 2010 8:32:17 AM

Post# of 79921
pbls would first have to be released from BK, and that is NOT happening for a long time, since it appears that PBLS ran as a fraudlulent, if not criminal organization.. If minnie mouse gets the shell, and does a RM before the company is released from BK, the new PBLS will inherit all of PBLS's liabilities.
Interestingly enough, the new company, IF the preferred shares are not cancelled by the BK court (and only the BK court can do that) the new comapny will owe millions in principal and interest to people on this very board..

In my opinion of course,

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.