AmericanWest Bancorp (fka AWBCQ)

[Circuit_Racer]

well folks, read this, an tell me what yall think.


http://www.sec.gov/Archives/edgar/data/726990/000119312510239975/dex991.htm

[11:47:20 AM] rbd317: The Holding Company intends to liquidate through the Chapter 11 bankruptcy proceeding once the sale and recapitalization of the Bank are completed. The U.S. Bankruptcy Code provides that a liquidating company’s assets are allocated first to creditors, on the basis of seniority, and then to shareholders. At the time of the filing, the Holding Company reported that it had liabilities of approximately $47.4 million, consisting almost entirely of junior subordinated debentures. The Holding Company anticipates that, even after receiving proceeds from the sale of the Bank and paying the costs associated with the bankruptcy proceeding, it will not have sufficient assets to pay creditors in full. The Holding Company believes it is unlikely shareholders will receive any proceeds from the liquidation.



stock seems to be worthless, an very high levels of doubt in regards to common holders getting a crumb.


glta