Good to see you posting, Doni.

From observer.com

Shareholders of corporations face a double obstacle in bankruptcy proceedings that bar them from receiving any meaningful distribution. First, under what is known as the absolute priority rule that is contained in the Bankruptcy Code, equity holders may only receive a monetary or stock distribution as part of a Chapter 11 plan or in a Chapter 7 liquidation if every other senior class of secured and unsecured creditors has been paid in full. In essence, this means the entity in bankruptcy would have to garner sufficient assets to cover all of its debts before making a distribution to shareholders.

As far as I can tell, this is the essential situation that we will find ourselves in. If so, the critical questions would appear to be:

1. Q. What are the assets that will be liquidated? A. Mainly the Nunchi Portfolio.

2. Q. Who is ahead of us in line? A. Probably Mr. Nunally. (No wonder he's excited.) Maybe a few lawyers.

3. Q. What might be left over to be divided among us? A. Potentially a lot. (Maybe our former board members are buying?)