No, they're not stupid. Unlike you, they actually know the bankruptcy laws. Equity committees are only appointed when there is a chance that equity will actually exist when all classes ahead of shareholders are paid in full. That is a rare occurrence. A simple glance at SDOC's balance sheet will tell you all you need to know in this case.
Oh Susan, are you trying the claim that the bonds still exist? Please tell us. Also, it is so sweat that you think that the fact that the stock "still trades" means something. Maybe you can run out and load up on some PACSUN as well.
Wow, it has been quiet around here lately. Apparently the delusional band of happy talkers have forgotten all of the important dates that came and went in the past few weeks without any of their fantasies coming true. As for the past five years, BLIAQ remains dead as Michael Jackson, but reality should be hitting home for the mentally challenged now that tax day has come and gone without the big bond refi being announced. Come on happy talkers, give us something to laugh at. Maybe Apple with buy BLIAQ with that giant pile of cash they're sitting on. I'm sure Billy will return soon to try and convince people that Blockbuster is still in business and isn't even bankrupt.
Wow, amazingly wrong once again. We're still waiting for the much heralded PR from you, as well as those 100k hits a day on your website. Funny that the big court date and April 15th came and went without a mention of BLIAQ or any big refi. I'm sure you can provide a list of all chapter 7 companies that have risen from the dead, especially after their bonds have been cancelled.
Are you a crack head? The company is going private and all shares will be cancelled. If you are "long" you are too stupid to be allowed in the market.
Amazing. Gunny is here within seconds to follow up your post with a resounding "fact"... What an amazing coincidence. Either Gunny is so pathetic that he has to spend every waking second on this board, or he is merely confirming the "fact" that he is one of Johnny's equally pathetic aliases. Quick, call me dufus or some homophobic slurs as a stinging rebuttal.
I'd really love to know where you went to business school. "Tens of billions" for a company that had 300 million in revenue and over a half billion in debt? That fact that you believe this certainly explains why you lost all of your money. Instead of posting the same stupid messages day in and day I suggest you crack open a book or visit one of the few thousand websites that deal with corporate valuations.
Said the pathetic soul still crying like a butt hurt loser almost a year after watching all of their money go poof.
Maybe you should change your name to "twotimeszeroequalszero". Did you take your tax loss loser? Oh, that's right. Can't declare on a 1040EZ. Besides, you would have to actually have a gain to offset in order to declare a loss.
You really are a pathetic pumper. How convenient that you left out the debt and the small fact that the company is bankrupt and going private via a debt for equity swap. You could have 100 billion dollars in revenue a year, but if you owe 800 billion dollars you are still worthless.
Oops. Maybe next time you won't look like such a moron.
"That investors gave them money and they came up with a deal to solve appl" No they didn't. They got out of debt because they turned the company over to the debt holders as part of an arranged agreement. In reality, the company stopped belonging to shareholders the day the company filed for bankruptcy. Bankruptcy basically means that the debt holders seized possession of the company. While the stock still traded, it was all meaningless. GTAT owed far more than it had in assets. There was no way stock holders were ever going to see even 1/10 of a penny.
NASDAQ doesn't cancel shares, the court does. The second part is correct. Bankruptcy is an automatic delisting under NASDAQ rules. It will likely disappear on Monday and reappear on the OTC with a Q on the end of the symbol. There it will trade for 30 days or so until the court finalizes the bankruptcy. In the mean time lying scammers on this board will say anything to get people to buy their soon to be worthless shares. In the end the stock will get cancelled and a few bag holders will claim that it "was all a fraud" and that they'll be rich once their big lawsuit is won, but in the end they'll just be broke bag holders.
Sell all of your stock right now and don't come back until you educate yourself on how securities work. Seriously. I'm not trying to be mean but you are nothing but a mark at this point. If you want a quick answer though, look at GM, Kodak, United Airlines, and a how other list of companies that have gone bankrupt and later reemerged.
Hahahaha, you finally resurfaced. Do you actually think anyone would listen to a pathetic pumper like you? For anyone not aware of what I'm talking about, go over to the ZQKSQ board and read the garbage this guy posted up until the day the stock was cancelled.
Are you broke yet? I'm sure you will not answer, as you've already scurried back in to your hole.
Hey Tool Boy, how are all of those "profits" now? You are truly a pathetic example of a pumper.
Wow, that is one of the most stunning examples of ignorance I've seen in a long time. Wiping out investors is not a "decision". GTAT was insolvent and filed for bankruptcy. Once that happens the law takes over. Creditors have to be paid in full before investors see a penny. Since GTAT was a few hundred million in the hole that wasn't going to happen. So no, GTAT did not do this to be "mean" to investors, and neither did the creditors or the courts. The law is what it is, and it has to be followed. It is up to you as an investor to do your own due diligence, something you apparently did not do.
Wow, the worlds biggest #$%$ finally realizes how the real world works. No, DNDN did not file a "pre-mature bankruptcy", their debt got called in, just like you just posted. Of course, this was all lost on you, because you are a complete and utter tool. I'll be glad if VRX dies, as it will be another nail in your coffin. You are too stupid to continue wasting oxygen.