Hi, I am thinking about investing in DALRQ but the company is in Bankruptcy and here is there quote
On September 14, 2005 (the “Petition Date”), we and substantially all of our subsidiaries filed voluntary
petitions for reorganization under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in
the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). On
December 19, 2006, we filed a Plan of Reorganization (the “Plan”), which after amendment, is being submitted
to a vote of creditors and is subject to confirmation by the Bankruptcy Court. Under the Plan, current holders of
our equity securities would not receive any distributions, and the equity securities would be cancelled upon the
effective date of the Plan. Accordingly, we urge that caution be exercised with respect to existing and future
investments in our equity securities and any of our liabilities or other securities.
2007-03-08
10:14:05
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2 answers
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asked by
Jhard213
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