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baramu

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baramu

Re: golfer7 post# 6173

Monday, 08/22/2011 2:47:20 PM

Monday, August 22, 2011 2:47:20 PM

Post# of 6451
I haven't even looked, so I apologize if the court results have been posted and have already answered the questions. The simple answer is, if CLSC is forced into Ch 7, the stock is worthless. The assets of the company are valued and distributed to the creditors as part of the ruling, per prior guidelines and precedents. The patents are considered an asset (possibly the only asset) of the company, and so would go to the creditors, in this case YA.

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