Mike common shares are approved to remain intact . Here is a schedule of events from the company website .http://www.qsgiinc.com/ . Ballots are already coming in . The court Pacers them as they come in and they are posted here . So far 21 ballots have been recieved from class 4 unsecured creditors with all 21 voting yes . We expect Confirmation on the hearing date . After which Qsgi will merge with Krusecom ...essentially a private company formed by key insiders of Qsgi during the BK process . I expect a short term target of .50 is very realistic .
But we will have a pretty good idea by Mar.07 as that is the last day for objections to a restructuring.
So far, the unsecured debtors appear to be lining up to underwrite the incoming company, by having their debts paid down and business links re-established.
All good stuff.
Many here have been on this play a long time and will be helpful to you in the coming days. I just joined on.
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