FACT I have seen other stocks come out and give equity something. As DRP said I do think the pps reflects some what of the BK price for this company.
Monday might be a blood bath but at the end of the day NO ONE knows what that plan includes. Interesting enough they filed for Chapter 11 and not 7. I do think they plan on keeping the shell of the company and sell it later on AS THAT IS HOW ATRINSIC BECAME A PUBLIC COMPANY. It was bought as a shell.
Company Notes
Formerly=New Motion, Inc. until 6-2009
Formerly=MPLC, Inc. until 5-07
Formerly=MPLC, Inc. (formerly Millbrook Press Inc. (The)) until 8-06
Note=12-5-05 final bankruptcy distribution made to eligible shareholders & company continues to trade as a shell
Note=10-20-05 company is a shell, intending to acquire assets or shares of an entitiy in a business that generates revenues
Note=2-6-04 company filed petition under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the District of Connecticut.
For those that have been involved in BK stocks. Shareholders CAN CHALLENGE THE PLAN, WE HAVE SEEN IT BEFORE WHEN SHAREHOLDERS STICK TOGETHER AND GET SOMETHING.
The sharks our out and they want your shares.
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