Replies to post #3448 on Act Teleconferencing Inc (fka ACTT)

[1manband]

That is not what it says. The preferred gets the assets first (thus the name "preferred"!) and since they are owed much more than $44 million, there is nothing left for common shareholders. They will get nothing and the shares cancelled.

[retireat40]

Not at all...read the 8-k and the amended articles of incorporation.