Replies to post #778 on SFX Entertainment Inc. (fka SRXEQ)

[1manband]

The stock is worthless. There is NO chance common shares will not be cancelled under the Plan of Reorganization.

Federal bankruptcy laws are very strict. Common shareholders are dead last in line for assets. They get only what is left after everyone in front of them (debtors, creditors, and preferred shareholders) receive 100% of what they are owed.

In SFXEQ, there is very little money to go around. Creditors are getting only pennies on the dollar. Which means common shareholders will get nothing. It is so certain, the common shareholders don't even get to vote on the bankruptcy plan.

Anyone holding shares in this stock will be completely wiped out.