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Microcap & Penny Stocks : SVCDQ, temporary board?
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To: Arthur Tang who wrote (16)2/13/2000 9:56:00 AM
From: Arthur Tang  Read Replies (1) of 66
 
Many people did not understand the status of debtor in possession. DEP operates like what the company always does. DEP may have to report to the trustee dept. in the bankruptcy court. And they have to answer all litigations in front of the bankruptcy judge. Some of the stores have been closed, their leases may have to be cramdown in the reorganization plan.

Whether DEP can do business by incorporating servicemerchandise.com as a subsidiary or not, is not even a question. DEP can do conservation of asset and make money in their normal or extraordinary course of business. DEP can sell stock and raise cash. DEP, however,can not distribute any assets to stockholders unless approved by reorganization plan.
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