Wednesday, February 22, 2012 9:49:53 PM
I believe it depends if they decide to file for bankruptcy or not. If they do, then as part of the reorganization plan they may decide to cancel all existing stock:
http://www.sec.gov/answers/qadded.htm
Since it sounds like the main lenders bought all the assets, I'm not sure how filing for bankruptcy would help them since they'd be canceling the debt they owe to themselves ? But I'm far from being an expert so, don't quote me on that
I've been buying at these levels, but this is just a gamble on my part.
Also you might want to do some reading of the older posts of this board to get an idea of where the various posters come from.
http://www.sec.gov/answers/qadded.htm
Since it sounds like the main lenders bought all the assets, I'm not sure how filing for bankruptcy would help them since they'd be canceling the debt they owe to themselves ? But I'm far from being an expert so, don't quote me on that
I've been buying at these levels, but this is just a gamble on my part.
Also you might want to do some reading of the older posts of this board to get an idea of where the various posters come from.
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