hmm, interesting. You think something like that could be a possibility for pcx? Of course, I bought post-BK, so not sure if anything like that would even apply to me. I know with the current law suits they have all going on are all for pre-BK holders. I'm not part of any of that.
Have you seen many law suits like that before? If so, what is some of the outcomes of those? If not, then this is a first to see how it goes
it will be interesting to see how those pan out IF the company decides to either keep the existing shares in tact, OR issue new shares in the company for those who are holders. If they do that, I wonder if the law suit would be dropped, but how would the lawyers get paid?
I wonder if that also would apply to all holders, whether its pre or post BK
I've tried to dig for some examples of different types of outcomes, but haven't had much luck. I've seen a couple where they kept the shares in tact after BK, but it doesn't say whether or not it matters if you buy post or pre BK. I would assume it won't matter. However, if they issue new shares, I wonder if they can say only pre-BK holders get new stock and post-BK holders get whatever it is the time since they knew what they were getting into.
Lots of "what ifs"
any insight is appreciated
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