ATRNQ, Can you help me with this one old buddy to figure out what is really going on here with ATRNQ. / thank you!
*Who has been appointed custodian for ATRNQ the judge appoints a custodian and everything goes through the bankruptcy court appointed custodian that is the person who will be making the decision for ATRNQ. the way i read this PR Atrinsic, Inc. Files for Chaper 11 Bankruptcy Protection this bankruptcy will be over in 10 days or less, In the filing of a plan of reorganization, on or before June 30, 2012. Such plan contemplates a redistribution of the assets and equity to creditors and existing equity holders. this bankruptcy case here ATRNQ looks like it has already be pre package and decided and it needs to do is go through the legal proceeding and get the dates and stamping throw it into the judge box for signing.
this person on ihub maybe able to help and answer some of your bankruptcy court answer HDOGTX is real good at this game and he knows a lot been there done that many times over, good luck ATRNQ. http://investorshub.advfn.com/BANKRUPTCY-PLAYS-11979/
Then on July 2 2012 ATRNQ will get a new symbol or go private either way the present share holder gets nothing you will not be giving new shares of the new company the best thing for you to do now is call the bakruptcy court in New York and ask for the online web site address were you can follow ATRNQ bankruptcy legal proceedings.
There are other boards here on ihub that trade noting but bankruptcy Q stocks, here are the web links to those boards I think there you may find some of the answer that you are looking for.
Atrinsic, Inc. (PINK: ATRN) today announced that it has filed for protection under Chapter 11 of the Bankruptcy Code in the United States District Court for the Southern District of New York, Manhattan Division, under Case No. 12-12553. The filing was precipitated by the cessation of direct-to-consumer subscription products and Internet search-marketing agency businesses, coupled with the Company's inability to raise additional working capital or financing. The Company, just prior to the Chapter 11 filing, entered into a Plan Support Agreement with its senior lenders which will result in the filing of a plan of reorganization, on or before June 30, 2012. Such plan contemplates a redistribution of the assets and equity to creditors and existing equity holders. The Company is represented by Jonathan Pasternak and Erica Feynman of the law firm, Rattet Pasternak, LLP based in Harrison, New York.
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