JTS- "A Nordic Drive in Every PC and laptop" Message Board

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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"

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To: Weiss Manfred who wrote (1970)	1/29/1999 2:17:00 PM
From: Weiss Manfred	Read Replies (1) of 1985

JTS(C) under chapter 7 Hi all! This additional information I got by e-mail! "It appears that chpt 11 is reorganization. This allows a company to continue to operate and be protected from paying its debt. It is usually used for companies that need time to restructure from debt. chpt 7 is liquidation. This means that assets are seized and sold to pay off creditors. A company is usually forced into chpt 7 by its creditors. Any money realized from the sale of assets first go to creditors. Since most companies in chpt 7 have more debt than assists, there will be no money leftover for shareholders. If this filling is true, it is not good news!" Regards Manfred, Germany

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