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Xerium Technologies Inc. Message Board

  • frtgrdn21 frtgrdn21 Mar 23, 2010 7:44 AM Flag

    Results from the vote today or tomorrow?

    Anyone thinks they will hold on to the results until earnings call tomorrow? Technically, they should reveal the results today through a SEC filing, because it's material information to the shareholders. Then again, they are under Chap 11 umbrella right now and I am not sure what their obligations to reveal material information works under these circumstances. Anyone have a clue?

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    • I HOPE the result of the vote is announced today.

      I THINK there has NOT been a bankruptcy filing yet. Based on the various articles I have read on the subject (generally and specific to Xerium), I expect the filing to come concurrent with the announcement of the vote. You can't pre-package a bankruptcy until the parties agree on the package.

      I suppose I can handle the added stress if we don't know final details until after the bell tomorrow. But again, I hope we don't have to wait that long. I'm anxious for some additional insight for future planning, particularly re: warrants. Assuming these are transferrable, my inclination at the moment is to sell them when received and keep the shares I have but I truly don't have enough info yet to finalize that decision.

 
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