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They still have to pay all their debt and if the bottom line is still red then they will file chapt. 7 and liquidate the company.
Posts: 1271 | From: Sincinnati , Ohio | Registered: Feb 2005
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"Shareholders of America West get 37 percent of the new company and unsecured creditors get about 12 percent."
I'm not selling yet. The court decision on Friday allocated 12% to unsecured creditors. I predict this will continue to rise on Monday.
Posts: 88 | From: US | Registered: Sep 2005
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Okay, I give up. The site American Bulls is a nice site that examine the candlestick pattern of a stock. Just type in the ticker
Posts: 88 | From: US | Registered: Sep 2005
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but then again the news was already out and people still was buying look at the volume and price
Posts: 370 | Registered: Jul 2005
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Just remember that this always happens right before coming out of bankruptcy. Not sure why but the stock tends to run and volume increases. I guess some people think the company will change there mind on the last day. They already said that common share holders get nothing and this has become common lately. Just ask ex K-Mart shareholders. If you don't sell at the right time you will be holding worthless shares.
And those thinking the 12% for unsecure creditors have something to do with the common shareholders then you are kidding yourself. The release was clear. Common shareholders get nothing. If they announce that be sure that it will happen.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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And I remember losing on KMRTQ. When they came out of bankruptcy, we got left holding the worthless stock. Oh well! I learned to not buy into a "Q" company from that ordeal.
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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