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niceguy654321

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niceguy654321

Re: nutriman24 post# 57560

Tuesday, 09/04/2012 11:16:04 PM

Tuesday, September 04, 2012 11:16:04 PM

Post# of 58465
If the company is going chapter 7 and the asset are sold, why does the stock still trade?

second - the note holders will be awarded the proceeds from the sale of the assets before equity holders, but according to accounting standards any notes with a conversion option shall be treated as equity in substance therefore the proceeds would be spread to all shareholders.

someone correct me if Im wrong.

Thanks
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