1 posts are filed under this symbol.

Vitesse Creditors Circling

Vulture CirclingVitesse Semiconductor Corp (VTSS) is mentioned yet again in today’s WSJ. Bondholders are descending on companies who have failed to file financial statements with the SEC due to options backdating investigations. Technically, these companies are in default and bondholders can demand immediate repayment. If the company cannot pay, they could be forced into bankruptcy.

Continue reading