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Microcap & Penny Stocks : SVCDQ, temporary board?
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To: Arthur Tang who wrote (8)1/27/2000 9:22:00 PM
From: Georgeb  Read Replies (1) of 66
 
Arthur,

Ill help you out here with a second party dialog.

I checked on the status of the Service Merchandise bonds due in jan 2001. Those bonds are currently in default (trading flat). They cannot be paid until bankruptcy is exited. That I believe is scheduled for April 2001?

At that time, they should pay full face value.

I don't own SVCDQ stock, but I did buy those bonds for my elderly dad's portfolio. Waiting for a successful exit from
bankruptcy would seem to make the most sense. What do you think?
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