Replies to post #52807 on Players Network Inc. (fka PNTV)

[Green Leaf Smoker]

I hope you know what happens to common shares in a bankruptcy...

Please share w/ investors what you feel will happen to their shares due to company filing Chapter 11. Open market investors are not considered an asset to the company. The biggest difference between Chapter 11 and Chapter 7 is Chapter 11 is a reorganization bankruptcy and Chapter 7 is a liquidation bankruptcy. ... Chapter 11 lets you negotiate with your creditors to modify the terms of your debts and create a repayment plan without having to sell your assets. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.