InvestorsHub Logo
Followers 0
Posts 8218
Boards Moderated 0
Alias Born 04/07/2004

Re: littledevils90210 post# 8747

Monday, 03/19/2012 9:58:10 AM

Monday, March 19, 2012 9:58:10 AM

Post# of 111205
Maratanyo is correct that the BK trumps the prospectus. That is why (for now) the Q's remain and they do not have to pay us dividends because while they are paying BK approved claims they are under a protective order. However, because we are in a chapter 11 LIQUIDATION scenario should they pay off senior and junior debt in full (in accordance to the plan) and there is money to pay us, then our prospectus guarantee would thus again be valid and we would need to be paid FV of our shares. Our claim could not just be discharged if there is money in the kitty to pay us.