Replies to post #384 on Internap Corp fka INAPQ

[Bert_From_Accounting]

I dont do these bankruptcy plays often.but, I see two possibilities. 1. The court approves the plan. If that happens, you get a cash payment for your shares at the ratio mentioned before(this may not be the case if you purchased after the company approved the plan). 2. The court does not approve and this all gets drawn out and who knows then...

At this point, it seems very likely to me that the court is going to approve. I think the price is going up, because people are trying to either get to the 75,000, or people are trading this thing and there is very low liquidity as a result of people having their shares locked in from the opt-in.