Replies to post #5555 on Hayes Lemmerz International Inc. (fka HAYZQ)

[Renee]

For anyone who thinks HAYZ is kidding I urge them to read the Chapter 11 BK Laws .

In most instances the current common equity is deemed
' burdensome ' to the Re-organization Plan which invariably means NEW common equity .

Secured creditors are always first in line and they ALWAYS want / demand NEW common equity to secure their re-organized loans , in addition to all other security they already have .

Only a BK Judge can cancel any Registrant Security's classes of equity stock , and only when a PLAN has been submitted and approved by all parties involved in the BK .

So , until the Judge's gavel drops the stock will continue to trade .

In my studied opinion ....

Renee