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First Trust Mega Cap AlphaDEX ETF Message Board

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  • fwc_man fwc_man Sep 29, 2004 12:11 PM Flag

    anybody still following this mess?????

    The filing deadline for the Plan of Reorg. was extended to Nov. 15, '04 They state that they expect to exit Ch. 11 by year's end. The recent quarterly showed a profit mainly due to the fact they aren't paying interest on the debt. I smell a debt for equity swap. Since there are so few common shares out this may go through with some kind of value retained.

 
FMK
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