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Author: oroughy Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 580  
Subject: Re: Well, you warned me Date: 4/11/2008 9:40 PM
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Dale, your post sounds like (yet another) learning opportunity for me. I was under the impression that common shareholders are almost certainly going to lose everything due to the BK -- FRNT's website even has a link to FAQs explaining that the company's priority now shifts from maximizing shareholder value to paying off creditors, and that shareholders shouldn't expect their holdings to retain any value at all. To me, that sounds like the thing is going to zero. So I was puzzled when I saw the price hovering around 48 cents most of the afternoon.

Now your post says that since it's Chapter 11 and not Chapter 7, bagholders might actually get something after all. Does that really ever happen?
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