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OTC BB King

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OTC BB King

Re: Belgianshareholder post# 110

Friday, 07/30/2010 4:50:04 PM

Friday, July 30, 2010 4:50:04 PM

Post# of 1937
Not so fast my friend. Did you read this line?

The New York-based company had $41.2 million in assets and $24.6 million in debts on June 30, 2010 according to the company's filings with the U.S. Bankruptcy Court in Manhattan.

With only 42M O/S and $16.6M in net assets, that is around .30 per share! With 60% of the shares held by insiders, what do you think will happen? Hmm...

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