Hi guys. Sounds like there is unrest here today, and that's to be expected in these cases. Unfortunately, there are people who use this unease to their trading advantage and are happy to fan the flames by manipulating the price when they can.
I've gotten lots of questions and thought I'd pop on here for a minute, if its ok, to try and answer some of them. Regardless of what's happening with the price, at this point it is not indicative of any deal made or not. The volume is way too low for the price to be trustworthy today. Having said that, it is still possible that the end result is that commons get nothing. Of course, that's always a possibility in a BK case, under current laws.
The judge will not receive any communication from shareholders outside of filing an objection.
Class action lawsuits might return something to you, but they have already been filed, and under BK law, are stayed, pending the conclusion of the BK case.
I don't know if any of this helps or not, but thought I'd weigh in.
Ilene
