PMI Group Inc. (PMIR)

[Coupe00]

Just read the 8K:

(iv) holders of equity interests in the Debtor will receive no distribution.


Definition:

An equity interest is an ownership interest in a business entity, from the concept of equity as ownership. Shareholders have equity interest; their purchase of shares of stock in the corporation gives them a share of the ownership of the business.


So it looks like we get nothing. We a certain holder now but will not be after the commons are wiped.

Please prove me wrong.