Palm Harbor Homes (fka PHHMQ)

[cosmicschool]

They don't have to SELL FOR A LOSS. They might be holding on to their shares so that, once the SALE IS COMPLETE and the Company has been OFFICIALLY DECLARED BANKRUPT by the Judge and there the EQUITY has been EXTINGUISHED, they can file a "Tax Loss" in 2011 by making the value of the Equity/Common Shares ZERO CENTS.

So just don't believe that there is a value left based on the fact that these two common shares holders still hold their shares.

If there is indeed value left for Common Shares, why would the company WARN or provide MISLEADING information that "It is likely that the Equity will be Extinguished"???

I don't think we can even speculate about what is "Likely to happen" after March 1 2011.

Cheers!