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Post by bullishbear32 on Sept 6, 2012 15:27:04 GMT -5
Sept. 6 (Bloomberg) -- CDC Corp., a China-based enterprise software developer also known as Chinadotcom, won a judge’s
approval of a bankruptcy reorganization plan where shareholders will get as much as $6.10 a share. The shares rose as much as 21 percent to $6 as of 3:52 p.m. New York time after opening at $4.95. The shares closed at $5.44, up 49 cents. The cash for equity holders resulted from CDC’s sale of its 87 percent interest in CDC Software Corp. for $249.8 million to Archipelago Holding, an affiliate of Vista Equity Holdings. After paying a $65 million secured judgment claim and other costs, CDC was left with a net of $172.8 million when the sale was completed in April.
This stock was once .07 a share at its all time low!
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Post by glactoo on Sept 6, 2012 15:36:29 GMT -5
If we get half that it would make me smile
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Post by bullishbear32 on Sept 6, 2012 15:43:07 GMT -5
When did you buy in?
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Post by goarmy on Sept 6, 2012 15:44:59 GMT -5
Would something like that happen here in the US?
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Post by bullishbear32 on Sept 6, 2012 15:48:01 GMT -5
Research GGP.
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Post by Marriott on Sept 6, 2012 16:13:38 GMT -5
GGP - excellent . Hopefully, Kodak will model this example !
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Post by goarmy on Sept 6, 2012 16:27:00 GMT -5
Thanks Bullishbear, I had no clue companies in the US would even think of the shareholders.
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Post by bullishbear32 on Sept 6, 2012 16:27:35 GMT -5
If there's anything that we can learn from GGP, it's that the real gap comes after the company emerges from BK WITHOUT dilution. If Kodak gets a nice sum of money for the patents, hold and walk away. You will be tempted to sell even if you know that the gap will come when the POR is approved.
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Post by bullishbear32 on Sept 6, 2012 16:31:43 GMT -5
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Post by goarmy on Sept 6, 2012 16:34:44 GMT -5
Wow! Thanks for the valuable info! I'm hanging in there, no ifs, buts, or what ifs!
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Post by Marriott on Sept 6, 2012 16:37:12 GMT -5
It's nice to have you back !
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Post by TheBondKid on Sept 6, 2012 16:41:35 GMT -5
Bullshitbear, what is this......... Imbecile hour?? GGP and EK cannot be compared. Its illogical, how about the other 100's of names that went worthless? Why quote the ONLY survivor?? Cause Sosa said so?? You bought that line......
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Post by bullishbear32 on Sept 6, 2012 16:47:35 GMT -5
"GGP and EK cannot be compared. Its illogical,"
Wait. Stop right there. Why is it illogical?
"how about the other 100's of names that went worthless?"
Tell me, did those " other 100's of names" have 2 of the most cited portfolios that they were auctioning off to companies like Apple?
"Why quote the ONLY survivor??"
GGP is not the only BK survivor. Check my other posts today.
Kid you actually never use any real information to backup anything you say. You're about as credible as julgob, and he can't even write English correctly in any sense...
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Post by TheBondKid on Sept 6, 2012 16:50:13 GMT -5
"GGP and EK cannot be compared. Its illogical," Wait. Stop right there. Why is it illogical? "how about the other 100's of names that went worthless?" Tell me, did those " other 100's of names" have 2 of the most cited portfolios that they were auctioning off to companies like Apple? "Why quote the ONLY survivor??" GGP is not the only BK survivor. Check my other posts today. Kid you actually never use any real information to backup anything you say. You're about as credible as julgob, and he can't even write English correctly in any sense... Bullshitbear, im here just to fire people up...... and waiting for the stock to crash or a miracle This board is like reading the funny pages......pure fun
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Post by bullishbear32 on Sept 6, 2012 16:51:23 GMT -5
THEN GO. Seriously, no one wants you here.
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Post by TheBondKid on Sept 6, 2012 16:53:11 GMT -5
THEN GO. Seriously, no one wants you here. Ok bear, Im gone........ Be back when the common gets extinguished
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Post by joefarina on Sept 6, 2012 16:54:39 GMT -5
DONT LEAVE KID
DONT LEAVE KID......I WILL MISS U!!!!!!!!!!!!!
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Post by Marriott on Sept 6, 2012 17:19:53 GMT -5
thebondkid said:
" This board is like reading the funny pages......pure fun "
We'll see who's reading the funny pages as the saga unfolds.
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