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Re: BigLoser64 post# 51

Monday, 04/23/2012 11:56:25 AM

Monday, April 23, 2012 11:56:25 AM

Post# of 56
Possibly. Two hurdles need to be overcome. First Azure needs to actually emerge from Chapter 11 (and not convert to 7). Second, Azure must choose to retain it's current stockholders and not deregister current shares and issue new ones. The first is likely to occur (emerge from 11). The second is about 50/50. An example is Mesa Airlines (MESA, then MESAQ). After about 1.5 years in BK, they emerged from 11, but cancelled exiting stock.

Probably got some lawsuits from shareholders, but that's the last I looked. Others keep current shareholders, so 50/50.

In the absence of that which is not, that which is, is not.