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Microcap & Penny Stocks : AETTQ - Alliance Entertainment - Largest Music Distributor -- Ignore unavailable to you. Want to Upgrade?


To: pcyhuang who wrote (103)2/4/1998 12:28:00 PM
From: Sojourner Smith  Read Replies (1) | Respond to of 169
 
at .25b .26 now.
buying opportunity or classic pump and dump???



To: pcyhuang who wrote (103)2/5/1998 2:53:00 AM
From: pcyhuang  Read Replies (2) | Respond to of 169
 
Status of AETTQ's bankruptcy filing

According to the American Bankruptcy Institute, the status of AETTQ's
bankruupty filing is as follows:

Exclusivity is set to expire 2/17/98, however, Alliance
s seeking an extension to 4/30/98. The company said the
extension is needed to complete negotiations with an
equity investor or, alternatively, negotiate a
stand-alone reorganization plan structure. A hearing on
the request is set for 2/11/98.

IMHO, the company has an excellent chance of emerging from bankruptcy,
any short-term reaction due to the delay is a buying opportuniy.

pcyh