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but when a public company comes out of

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robjer   Wednesday, 04/13/11 10:01:34 AM
Re: mickeybritt post# 7027
Post # of 11305 
but when a public company comes out of bankruptcy they have to re-capitalize the company and ergo issue shares of the new company while cancelling the old shares.

Otherwise nobody would ever invest in the post-bankruptcy company if the old shareholders shares were still hanging around.

At least this is the path in most public bankruptcies.

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