Allen-Vanguard Rescue Board Message Board

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Technology Stocks : Allen-Vanguard Rescue Board

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To: sixtieskid_EXSH who wrote (117)	9/18/2009 5:55:44 AM
From: sixtieskid_EXSH	Read Replies (1) of 724

From the news release: - Allen-Vanguard to continue as going concern with stable capital structure, significantly strengthened liquidity and financial position and no interruption of operations or supplier relationships - Transaction will result in revised multi-year credit agreement and retirement of a portion of Allen-Vanguard's senior debt - Allen-Vanguard's senior lenders will make new revolving credit and documentary credit facilities available to it >> "to continue as (they forgot a) going concern with stable capital structure", implies it WAS a going concern. How can shareholders be cancelled then? This IS a public company. If Debt is being retired the effects of that transaction would normally be passed on to shareholders. By wiping out the shareholders the banks have managed to double dip at our expense. Clearly shareholder's rights have been breached if not downright raped. Every shareholder needs to contact as many different departments as possible so we may stop this unlawful deal from taking place.

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