Replies to post #1777 on J.G. Wentworth Company (fka JGWEQ)

[blxil]

Common shares are going to be cancelled as part of the proposed settlement.


They may reissue publicly at a later date, but I'd consider selling and taking what you can save before the stock is cancelled.

It would take nothing short of a miracle for this settlement plan not to be approved. Orchard Acquisition Co. owns majority and helped carve out this settlement plan. It sucks for the shareholders, but maybe the company will survive.