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Strategies & Market Trends : Moufassa's Lair
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To: Silver_Bullet who wrote (2732)12/13/2001 4:54:52 PM
From: moufassa7  Read Replies (1) of 13660
 
GX could declare bankruptcy and have no effect on it's operations. Chapter 11 was created to let companies like GX continue to operate under it's protection from creditors. It could then refinance or sell it's assets. In either case their is usually little or nothing left for shareholders.
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