Constar emerges from bankruptcy - South Florida Business Journal:

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The Philadelphia company said it believed it is now in a stronger financial condition and position for the As part of its Constar has convertedits debtor-in-possession financing into a facilityt that will provide the company with ongoin g funds. It also canceled its old commoh stock, which most recently traded under thesymbo CNSTQ. Holders of the old common stock will not received a distribution of any kind and no further transferxs will be recorded onthe company's In addition, holders of $175 million of Constar’s subordinated notes prior to the compangy filing for bankruptcy protectioj will convert 100 percent of their face amountt into new common stock of the reorganized The common stock is initially expectedd to trade over the counter.