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MDU Communications International, Inc. Message Board

  • swank818 swank818 May 22, 2013 3:53 PM Flag

    Chapter 11 Next-Full Circle Gets ALL the assets

    Full Circle has 100% lien on all the assets so they will come first and since there will not be enough assets to cover the liabilities, the common shareholders will get ZERO. It may take a year in bankruptcy court (unless Full Circle can put througha prepack) but when the judge bangs his gavel you can be sure that the common will be extinguished and worth zero. Get what you can while you can (if you can find a buyer.)

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