Georgia Bard's Corner Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Georgia Bard's Corner

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ga Bard who wrote (1066)	4/30/1998 11:43:00 PM
From: Crossy	Read Replies (1) of 9440

Gary, I'm right now researching another bankrupcy play - fully reporting company. There's a big Fund into this one 25% of the common right now. approx 4M shares outstanding - not much. A plan was forwarded and an 8K mid-April announces that it got approved which cites 15% payment for unsecured creditors plus noteholders will be converted into common stock. How to find out when the conversion will occur ? Has it already occured at the date the 8K was filed or will that be in the future. If the conversion is completed - the company should have a nice balance sheet and an entry would be warranted. Would You get in before or after the conversion in such a scheme ? Company should emerge from Chapter 11 from what I found out with as an operating entity. pls. tell me what You think here regards cROSSY

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next