Title
Bankruptcy information
Catalog Number
102659125
Type
Document
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."
Date
1971-03-31
Publisher
Viatron Computer Systems Corporation
Category
Correspondence
Collection Title
Company Collection
