Monday, April 15, 2013 4:07:29 PM
I have a question Pink, as per the article you posted...
In 2011, Horton was paid a salary of $618,135. He also got stock awards and options that were valued that year at nearly $2.7 million, but the company argued those could be nearly worthless after the bankruptcy reorganization. Figures for 2012 aren’t yet available.
Does this mean if you own stock after the reorganization, your stock would be worthless? TIA.
In 2011, Horton was paid a salary of $618,135. He also got stock awards and options that were valued that year at nearly $2.7 million, but the company argued those could be nearly worthless after the bankruptcy reorganization. Figures for 2012 aren’t yet available.
Does this mean if you own stock after the reorganization, your stock would be worthless? TIA.
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