The plan was NOT rejected, the date just got moved to June 10, 2011
Everyone can read the plan here and see that there is NO RECOVERY for the existing common shareholders, there is not even any recovery for the existing preferred shareholders. Its all in black and white on the most recent court filing dated June 1st.
Any talk of any recovery at all is a complete LIE !!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.