Companies that emerged with shares intact
It is true that there are companies that emerged with their shares intact. If you look at my old postings, I bought shares of Sterling Energy Resources (SGER) and Rancher Energy (RNCH, later became Tex-Oil) after they had filed for bankruptcy. In both cases, the common shares emerged from bankruptcy intact and I made a profit on both holdings.
What was different was that in those situations, the assets were more than enough to cover (pay off) all of the liabilities, leaving the common shares intact.
That is not the case with KQKAQ. They are almost $1 billion short in paying off their liabilities.
Louis J. Desy Jr.
News 
Market Data 
Discover 
