An Equity Commitee needs to be formed to represent shareholders of Ambac shares. Given the positive valuation of the US Housing market
Folks, we have to remind ourselves, that large companies such as but not limited to Ambac, usually want the unsecured shareholders out of the loop during their bankruptcy proceeding. Since they often make sweetheart deals with their creditors and bondholders at the expense of common and preferred shareholders. They believe that if they incite fear, by releasing PRs that "REMIND US THAT COMMONS WILL NOT GET ANYTHING" would be enough for us to sell out our stake.....Remember, it's up to the judge and judges often change their position with enough outcry from the public.
Anyway, I smell a rat folks, especially since all of us know that the US housing market is roaring back, full steam ahead.
you won't get anything - it's all been reviewed extensively in court long ago and won't be reconsidered in any way - stop wasting your time here
the company doesn't care if current share- or former bondsholders will be the new owners after emerging from bankruptcy - the court just ordered how to proceed so they WILL have to cancel the old shares and this will happen at some time going forward.
@hageneriksson, you're an idiot. Stop talking from the side of your mouth. You're probably are a bond holder trying to scare the misinformed. Besides, if it were over, the current POR would have been finalized. Instead they are waiting until June...RIGHT..LMAO!!! I wonder how much profit Ambac would have gained by then. I'm sure that the judge would have a very hard time allowing shareholders to be wipe out if by then. Besides, Ambac can say GOODBYE to the NOL if commons and preferred are not part of the deal. So again, keep talking BS.