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Re: exlax post# 828

Friday, 06/10/2011 10:22:33 PM

Friday, June 10, 2011 10:22:33 PM

Post# of 911
Exlax... from my experience with these over the years they typically trade several days past emerging from BK and then they are wiped out if that is the plan of the reorganization. I have seen just a handful of Co's post BK that held their share structure and continued trading thereafter. I haven't read too much into this specific Co but have been holding shares for a few months now. I can say that typically on the day they announce they are out of BK the stocks of these type Co's generally spike quite hard with the news as so many get into them just on the news on that day. There may be a good exit point on 6-24 or so when they emerge for anyone to exit with a decent pps sell. I am holding on til then and will base my sell on that theory (selling on the day the news comes out they are out of BK) but will NOT hold thereafter for the risk of shares being wiped out the next day. Hope this helps others on the Board.

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