SVCDQ, temporary board? Message Board

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Microcap & Penny Stocks : SVCDQ, temporary board?

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To: Arthur Tang who wrote (32)	3/21/2000 9:21:00 AM
From: Arthur Tang	Read Replies (1) of 66

Stockholders must remember that they own the company and all the assets. They also have limited liability to creditors, therefore, they need chapter 11 to protect the assets. Stockholders should sell all the assets wisely to change to cash. Then issue more stock to creditors for settlement of debt. The original issue of stock will be increased. Of course, the business should still be intact, after reorganization. The assets sold should only be those that the business no longer needs. How much to issue to creditors depends on how much more SVCDQ borrows. SVCDQ should not borrow from Fleet if possible.

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