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retireat40

10/01/17 8:57 AM

#14948 RE: jlee3 #14931

Nothing IMO. They bought the shares as an attempt at a hostile takeover. That failed so they bought the company's assets out of the BK process. Part of the cost of doing business. I worked for a company that filed BK after Carl Icahn tried the same trick. He lost all his common shares in BK but ended up owning he company after buying it out of BK. All commons (including his) were wiped out.