$SNDN a MONSTER RUN is coming. Reverse merger tr
Post# of 7739
Posted On: 11/17/2012 12:59:39 PM
$SNDN a MONSTER RUN is coming. Reverse merger trade. Shhhhhhh.
THIS is the company that SNDN could be merging with. do some DD on your own and you shall see. SNDN opened at .0005 after closing at 0 0 03 the day before. And took off before traders could even blink. This was either insiders or market makers b/c of course retail can not buy subbies in the AH. The sudden UNUSUAL volume after being silent for years was for a reason. Could be a major one maybe not, but one thing I know is that it is THIN as hell and moves on air. 1 cent 2 cents 3?
"After doing some DD, I am convinced that SNSN is same as currently operating company Acquirgy. I went through details of the chapter 11 filing and seems like only the original creditors were compensated with a discounted cash amount by a new company that consisted of Paul and other management team along with the two firms who financed the team to pay off the original creditors. Paul and other management team owned a chunk of shares and they retained their shares even after chapter 11 so essentially they paid off original creditors to took over the company and ran the business as usual. The stock was never touched in the process or got reissued so original owners still retained their stocks . Of course the stock fell hard after chapter 11 reorganization due to lack of info from company on the operations but the company I believe is running stronger than ever especially since the debts are all eliminated now
Read the link below. A stock after chapter 11 not always lost its value and in cases can get back to its original level or even better in some cases especially if their debts are all cleared
www.investopedia.com/ask/answers/10/stock-holder-lose-equity-chapter-11.asp#axzz2CRAT17tY
"Usually, little to nothing is leftover for shareholders after the more senior creditors are paid. However, if the company restructures and emerges from Chapter 11 as an improved organization, its share price may rise to higher levels than previously witnessed
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