Replies to post #306 on Dayton Superior Corp. (fka DSUPQ)

[hang ten]

Hi phrantic, I've also been keeping an eye. I did notice that Zimmerman wanted to work with GE Capital rather than bondholders OCM Principal Opportunities Fund IV LP, Whippoorwill Associates and Solus Alternative Asset Management. There was possibly something in their motivations that the ceo didn't like.

Remember they "take issue with the fact that the proposed DIP loan "rolls up" Dayton Superior's $111 million in existing debt on a pre-bankruptcy loan from GE Capital into the $165 million DIP loan. " post 293 here

When I posted this morning that same paragraph about the "speculative shares" caught my eye... but for me that's a standard investors caution. It's a cliche that shares in a bk could be worthless by end of restructuring.

OTOH shareholders (if I remember correctly) spent tens of thousands of $$ last year insider buying - amounting to a healthy insider ownership. So they may be able to emerge with shares intact if they could. There was a lot of volume post bk but at the time there wasn't much of a short position, (again remembering right.)

I'm in TRXAQ right now, they have an equity panel/committee and I'm fairly confident the shares will remain intact but here it could be a gamble. I might buy a small position that I'd be willing to lose and watch closely:)