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george8

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george8

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Re: Enterprising Investor post# 105

Wednesday, 01/26/2011 9:29:54 AM

Wednesday, January 26, 2011 9:29:54 AM

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Thank you so much. I'll do the letter.

On the residual value of the PBSOQ common, since the reported debts are greater than the assets, it seems that the common should be trading at near zero now, or after the reorganization is implemented. Is this the reason why the debt holders would hope to do, that is to gain 100% debt repayment, and thus own the company outright, and make the current common worthless?
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