Replies to post #3296 on Act Teleconferencing Inc (fka ACTT)

[1manband]

The preferred stock has not been cancelled. It would be on the SOS site, and there is nothing there, of course.

We know based on the last annual meeting 18 months ago, they were owed about $109 million. Which means they are now owed about $150 million or so.

Which means the $44 million from the buyout goes entirely to the preferred holders. And the common holders get nothing.

[pauljack13]

The company sent an E-mail saying a few years ago the changed their status from a reporting company to a "non-reporting" company. I don't think there will be any filings.