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Replies to #1355 on Q stock Traders
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JJdivini

05/09/09 7:59 PM

#1357 RE: beulah #1355

I'll try and get someone with a lot more knowledge on DCNMQ to reply... In the meantime; welcome to the "Q"! = )
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the cork

05/09/09 8:19 PM

#1360 RE: beulah #1355

DCNMQ — DnC Multimedia Corp. It depends if you are looking long or short term.

I like everything about being a seafood distributor, but I'm concerned the shares of DCNMQ will be extinguished during the reverse merger.

"...Shraiberg said a third party, Minnesota-based distributor HL Seafood, is interested in acquiring DNC in a reverse merger through bankruptcy reorganization. He said DNC received a nonbinding letter of intent from HL Seafood, proposing it acquire a controlling interest in the company. But, DNC first must extinguish all liabilities pursuant to bankruptcy reorganization...."

I think shares in the former company (DCNMQ) are considered a "liability" although if there was any way they would honor the shares in the new company, that would be way cool.

Then there is:

"...
Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
Blah blah blah.

Lot of good stuff out there, I don't know if this is worth the aggravation, unless the new company gave the old stock holders shares in the new company. Anybody know how that works? Best regards.

GLTA !!