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If you responded to an investment idea like this . . .
          You could get scammed!

  An investor protection message, brought to you by:
 
 
Securities and Exchange Commission
 
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North American Securities Administrators Association
 
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Federal Trade Commission
 
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Superior Drug Delivery Systems, Inc., does not exist. The company is a complete fabrication, posted to alert investors to potential online frauds brought to you by the Securities and Exchange Commission, the North American Securities Administrators Association, and the Federal Trade Commission.

Superior says it expects to emerge from bankruptcy shortly, and suggests purchasing its shares before they rise in price. However, in most instances, a company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. Investing in bankrupt companies is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares.

The company's plan of reorganization spells out what steps the company is taking in order to repay its creditors and to continue as a business. The company files its plan with the bankruptcy court, and will also file that plan with the SEC, attached to a Form 8-K. For more information on how to find a Form 8-K for a company, read our "How do I Use EDGAR" publication.

For more information about the corporate bankruptcy process, read our brochure on corporate bankruptcy.

 

 

 

 


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