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Tip-off
Sept 5, 2012 15:52:34 GMT -5
Post by Marriott on Sept 5, 2012 15:52:34 GMT -5
Read this in an article recently concerning buying stocks in a company in bankruptcy :
" One early tip-off investors should consider is whether a bankruptcy judge has officially sanctioned a committee to represent equity holders. "
Does anyone know if Judge Gropper has sanctioned such a committee ?
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Tip-off
Sept 5, 2012 15:54:53 GMT -5
Post by Admin on Sept 5, 2012 15:54:53 GMT -5
No he has not.
It has been tried, but at that time, they didn't feel there was an interest to look out for.
He said once there was a reason to consider it, they would revisit the EC issue again.
SBG
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Tip-off
Sept 5, 2012 16:03:30 GMT -5
Post by Marriott on Sept 5, 2012 16:03:30 GMT -5
SBG
Is this " good " for share holders ?
Thanks.
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Tip-off
Sept 5, 2012 16:09:10 GMT -5
Post by Admin on Sept 5, 2012 16:09:10 GMT -5
IMO, when there is a reason to bring an EC, they will.
That time will be when EKDKQ has some money to talk about protecting for the commone share holders, like after patent sale and the 3 other divisions of the company.
Then there will be equity and a need for an EC.
No need to bring in more attorneys early, and burn up more money.
SBG
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Tip-off
Sept 5, 2012 16:16:03 GMT -5
Post by mglassma on Sept 5, 2012 16:16:03 GMT -5
No it is not good for shareholders. What will be good for shareholder is a large patent sale. The bigger the sale the more likely we get a committee
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