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specutator

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specutator

Re: None

Sunday, 08/01/2010 12:17:20 PM

Sunday, August 01, 2010 12:17:20 PM

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Common share holders typically get nothing as their shares are canceled when a company emerges from BK.

And according to this, dated 7/30, that will also be the case here.

http://www.rvbusiness.com/2010/07/court-liquidate-fleetwood-enterprises/

Two lines say it's so:

The company’s common shareholders won’t receive anything.

And:

Unsecured creditors have filed about $115 million to $195 million worth of general unsecured claims, but only $10 million to $28.7 million will likely be paid out, based on estimations.
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