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Technology Stocks : Spansion Inc. -- Ignore unavailable to you. Want to Upgrade?


To: cypress51 who wrote (4583)10/5/2009 5:06:29 AM
From: Woerns  Respond to of 4590
 
@cypress
Thanks for pointing to the form 8-K.
The last sentence form item 8.01 is the one to look at:

"Current holders of shares of the Company’s common stock will have their shares cancelled and will receive no consideration under the terms of the Draft Plan of Reorganization."

Regards



To: cypress51 who wrote (4583)10/5/2009 10:59:38 AM
From: Mike30  Respond to of 4590
 
"Well, actually, it's a draft plan of reorganization, so it's not really really really over yet, I guess"

Well you are right, Its kinda over but not really over yet.
Its only a draft what the management is proposing. I am still waiting for the result of the court hearing from oct 2, if the judge rejects the motion then I would say its prettymuch over. But if we get the commitie appointed then I guess we would have a real good chance of getting something back.