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matt24d

04/07/16 7:39 AM

#364503 RE: delwcu #364501

PSUN is dead. As the company goes through BK proceedings the creditors will get first dibs at what ever is left. Bottom line is in 99.9% of BK's the shareholders are left with nothing but a tax write off.

cjstocksup

04/07/16 9:52 AM

#364527 RE: delwcu #364501

I have seen it go both ways. Look at an American Airlines that went from .45 on BK to 45.00 after BK. It will be up to a judge to see what happens to the commons.