This is true, but in a prepackage, most everybody agrees in advance. And understand, in such situations, there is a real plan for success on the other side, whatever that is. If you were a creditor and got shafted by ATRN, then there would have to be some incentive to be recompensed in the form of ownership in a new organization as opposed to liquidation of assets and recouping what you can. Again, there's a plan...and the creditors are reinvesting here.
All BK's are different. When BK was filed on this, I basically said, screw it, I'm out. But then the prepackage documents became known and I was able to read them before opening yesterday. I wish I'd sold at .03 yesterday to cut my losses, but at this point I've concluded that it's worth the risk to just hold.
I have other plays. I'm willing to ride it out. Others might have put all their eggs on this basket, and for those they'll have to really weigh their opinions. I feel bad for those peeps...nobody deserves to have a company looted on them in the dark.
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