CDC Corp. Class A Common (CDCAQ)

[jaxstraw]

They still will go through the claims register and eliminate whatever they can, and from what I have gathered they are also still fighting the claim from the biggest unsecured creditor Evolution (65mm) after the judgement that came down to send this company to seek Ch 11 protection.

But your point is well taken.


The Judges comments really don't hold any water until an RP/DS is presented.

A perfect example ( in reverse) is during the Chemtura bankruptcy the Judge repeatedly said for months there was no value for equity.
This is what he was being told by Debtors counsel and the UCC counsel. It wasn't until after many court hearings that it was laid out through shareholders efforts there was some residual value that he changed his tune.

He did appoint an Equity Committee in this case, which can be construed as a good sign.

but this case has a long way to go it seems before any real value can be assigned.