InvestorsHub Logo
icon url

boink1

09/23/10 10:14 AM

#4798 RE: everett7 #4796

Im not an expert in bankruptcy
But the debtors and guys who are
long the bonds ,Know they
already will be getting stock .
They bet that the judge will essentaiily
cram down the plan down shareholders throat.
THis case is unusual because it does seem as if there is equity
for shareholders.So who knows if the judge will
see it the cram downers way .But they get a head start on the post
confirmation selling.The may even be able to sell '
(short exempt)meaning they may not get bought in ]
as easily if the stock becomes hard to borrow.
Helps theyre manipulation .
Aint gonna matter in the big picture .
Its up to the judge now.