OTCPK:CNZCF - Post by User
Comment by
tradergaderon Jul 04, 2003 2:40pm
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Post# 6220341
RE: Great posts - Thank you!
RE: Great posts - Thank you!gerts:
This news release is absolutely negative. No shareholder wants to be in the type of situation that we are in right now.
So now the question becomes this. Is the reward worth the risk.
In the next month, Concert is either going to file for bankruptcy protection or they are going to come to terms with their secured lenders. Either way, dilution is emminent which means shareholders suffer. The real question is how much? If bankruptcy protection is filed, eventually common shareholder value is typically wiped out meaning that you get nothing. If a deal can be reached with the secured lenders, who really knows what your value will be left.
So why are people still involved?? If you read the last few months worth of posts, you will see that there are still are alot of people interested in this stock. The conception of low price is one reason. If Concert pulls through without bankruptcy and the airlaid industry makes a turnaround, the current shareprice will look pretty cheap. If bankruptcy protection is filed, eventually the share price will be either nothing or next to nothing..
If you are interested in getting in or have already purchased, my only advice is to go in with eyes wide open and complete your own DD.
Hope this helps.