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janice shell

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janice shell

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Re: kiaranmclaughlin post# 150

Thursday, 01/13/2011 3:44:45 PM

Thursday, January 13, 2011 3:44:45 PM

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There's something I'm not getting here. JENNQ filed its most recent quarterly report on 11 January, only a few days ago. In it, on pages 5 and 6, they announce unequivocally that when the reorganization is complete, the company's principal creditor will own 90% of the company's new equity securities. The remaining 9.9% of the new equity securities will go to other unsecured creditors, and...

The present equity interests will be cancelled.

http://investors.jenniferfurniture.com/pics/userpics/File/2010-11-27%20Form%2010Q.pdf

So why are you encouraging people to buy stock that will soon be cancelled?
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