Artifact Details

Title

Bankruptcy information

Catalog Number

102659125

Type

Text

Date

1971-03-31

Publisher

Viatron Computer Systems Corporation

Description

Shareholder letter dated March 31, 1971 enclosing financial report and concerning " As you may know, three creditors filed an involuntary petition in bankruptcy against your Company on February 22, 1971. On February 24th your Company filed for an Arrangement under Chapter XI of the Bankruptcy Act. The matter is still pending. If the Company's plan which calls for the issuance of one share of common stock for each $2.50 of claim allowed is confirmed by the court, then we may be issuing approximately 10 million additional shares of common stock."

Category

Correspondence

Collection Title

Company Collection

Lot Number

X3067.2005