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[QUOTE]Originally posted by T e x: [QB] "Stock issued as part of a bankruptcy reorganization..." Posted by: matrix In reply to: 2ligit2quit who wrote msg# 980 Date:4/2/2007 9:43:06 PM Post #of 1002 When a company issues stock, the recipient is restricted from reselling it unless: -- he's held the stock for a certain period of time (normally one year or more); OR -- a registration statement is filed and deemed effective; OR -- the issuance falls under an exemption to registration Stock issued as part of a bankruptcy reorganization plan happens to fall under category #3. In other words, the stock can be immediately free-trading and sold into the float if they so desire. Since the filings say they want to do a merger, they'll probably retain enough to keep control. It's possible the BK order may restrict how much they can sell prior to the merger occurring. http://www.investorshub.com/boards/read_msg.asp?message_id=18425753 [/QB][/QUOTE]
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