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EXIDE TECH NEW Message Board

  • ilikeaftereight ilikeaftereight Jun 11, 2013 11:53 AM Flag

    Chapter 11 means zero value for common shareholders.

    Today the world has forgotten XIDE is going to file Chapter 11.
    But hey, enjoy the party.....within a short while common you're going to see 0.01 tradeprices.

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    • Apparently a bankruptcy court thinks XIDE is in pretty good shape financially. Did you see the news? I'm wondering if this Chapter 11 filing is just a way to try and screw the state of California out of their greedy fines they will impose in Vernon.

    • bigtimeglad Jun 11, 2013 12:08 PM Flag

      i wish i knew the true answer to this since Exide's assets seem to be abundant, and given that common are last in line, it seems possible they still will get a share of BK residuals. i mean people are acting like they're not in line at all when it comes to BK where its a automatic wipeout. its just so difficult to trust anyone here since the pumpers have been way too overly optimistic and still exaggerating everything and the naysayers have been wrong about the doom and gloom sell right now. lucky i didn't sell last night for .17 or whatever it was at...

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