Bankruptcy Q Players

[the cork]

Good news finbar! The way I see it, it's a huge victory just getting EC approval for ANYTHING!

I don't why it's like pulling teeth just to get the most basic shareholder rights upheld.

Clearly if a company is hopelessly insolvent there is no real equity, but if the company remains a viable going concern, there is no need to totally stiff existing shareholders.

Seems to me if a company is asset positive and solvent, existing equity shouldn't have to go to court to insure they are not "divorced" as a matter of convenience without cause.

Existing management certainly should not be allowed financial gain if existing shareholders are hozed.

Furthermore, any company that screwed it's shareholders over as a result of Chapter 11 proceedings should never be allowed to raise capital by issuing shares to the public ever again.

Then they might take it a little more seriously.