CDC Corp. Class A Common (CDCAQ)

[jaxstraw]

The 10.50 is not CDCAQ, it is being placed on shares of CDCS

You are absolutely correct.

In the transcript the Judge does state both trade on the Pinksheets.

CDCS seems to have skyrocketed on the news.

http://www.google.com/finance?cid=7510430


CDCAQ (CDC International) is proposing to sell it's indirect ownership of it's stake in it's own subsidiary CDCS (CDC Software) to Archipelago Holdings.

The proceeds are expected to pay off creditors and return value to shareholders in CDCAQ.

It takes time but read the transcript because it tells a lot more of the story.

The question is , if it is positive value, how much is it ?

No one knows yet.

Many BK cases get positive value for shareholders that is less than what it trades for while in BK.

So it will not be known until Plan of Confirmation and Disclosure Statement are presented in court , which from the transcript is about March 1.

It is interesting to note the Judge is expecting several RP/DS from different parties and is talking about hearings on those in April/May.