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Re: pumper_stumper post# 1440

Tuesday, 11/09/2010 2:30:51 AM

Tuesday, November 09, 2010 2:30:51 AM

Post# of 1639
You keep harping about NXXI needing to file bankruptcy in 10 months..Tell us just where you are getting your information?..
To my recollection, Preferred Shareholders cannot force a company into bankruptcy..You must have them confused with Bondholders..
Preferred Stock simply has preference of dividends over common stock and preference over common stock in the event of liquidation..Nothing gives them the right to force a company into bankruptcy..Only Lenders such as Banks can do that and NXXI has no other debtors to my recollection..
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