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svalente2002

05/19/10 2:12 PM

#64556 RE: sesegal99 #64554

Thats what It sounded like to me as well... I am not selling.. Ill ride this into the ore at this point.. but I'm going to hold on to the shares...
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Chumpchange60

05/19/10 2:15 PM

#64558 RE: sesegal99 #64554

Bought in on the bk news .in at .0005 sorry for anyone hurt here. I'm just here to make some chump change.
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AllyAustin

05/19/10 2:23 PM

#64560 RE: sesegal99 #64554

The company will get a Q added and the reorganization process will begin. The company will continue to trade while they devise a plan for emergence from BK.

While there are exceptions, what we have normally seen is the secured creditors get issued stock in the new company and common shareholders typically get cancelled when emerging from BK.

Not to say that is definitive, but that's what we have typically seen in the past.