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Toxic Avenger

08/16/09 11:41 PM

#2997 RE: FaithfulAndTrue #2996

Prayer?
A chapter 7 filing is liquidation, meaning they sell everything left and pay creditors (not stockholders) whatever cents on the dollar they collect.
With Skins listing $10-50 million in debts (which I don't understand since their last filing shows $3 million in debt) and assets of $50k, it won't be much of a recovery for those to whom they owe money.
Certainly looks like the end of the line to me and I think answers the credibility question of the Google finance post.