No stock has been cancelled. The o/s is almost the same as it was back in May. Probably the slight increase has to do with issuances for services.
The bankruptcy proceedings are just getting underway. They'll be complicated, as they deal with separate petitions by a number of Quicksilver's subsidiaries. A list of creditors is being prepared, and lawyers for those creditors are just making their initial appearances.
Again, the petitions were filed fewer than ten days ago. Nothing of substance has happened.
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