...... Maybe a dumb question .....
However, I have been studying procedural events on another security that I am heavily involved in and couldn't help but think of you guys since a couple of my friends are involved over here ..
Here's my question ... when the chapter 7 transitioned (last Feb to my memory) it appears to me that class 8 stayed intact ... correct .. I mean it is actually still trading ....
However, since there are also no preferreds or hybrid classes to my recollection, the finalization would go directly from the creditor classes to equity or class 8 (commons)
Well, if this is the case .... then within the 7's liquidation, all claims against the estate would be scrutinized at the final just prior to a final distribution to the remaining class ... in this case equity ... right?
LG, Bob, Max, VC, Trade, ... I'm not sure if you guys are still around but ??
I don't hold any shares right now, but thought about this ....
AZ
