As an oversea investor or gambler, I have been collecting VSTNQ stocks from 0.22,. 0.56 , 1.00 and 1.82 in last two months. My guts tell me that VSTN has future. Last year around this time, DAN and AXL barely skipped from bankruptcy and now their stocks are traded above $10’s. Although I can not convience myself to dump my VSTNQ stocks before May 24, I have few concerns need all your help to clarify:
1. During the hearing on May 12, the judge mentioned that “Frankly I view this as a valuation of a $2 billion company done on the back of a cocktail napkin,” As $2 billion is about the same price that BOD labeled on Visteon. In English, could I assume that the Judge’s words give us a hint that he will agree with BOD on the value of Visteon?
2. I am not familiar with USA Bankruptcy procedure, but if BOD gets all it wants on the hearing of May 24, does it mean that VSTNQ will be canceled within few days after the hearing?
Thanks ahead for all your’s thoughts and comments.
Joe from HK
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