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, which owned the Genesee County theme park from 1999 to said it is unable to meet future paymentz to investors and creditors after losinyg morethan $200 millionb in the fourth quarter last year. In its annual report last theNew York-based company (NYSE: SIX) said a Chaptet 11 filing is possible if it doesn’t reach a deal to restructure its debt. Six Flags which have traded under $1 sincd September, dropped five cents, or 26 to 14 cents in afternoon trading March 13. The stock has traded betweeh 16 centsand $2.50 during the past 52 Six Flags is the world’s largest regional theme park companyg with 20 parks across the United Mexico and Canada.
The park, which encompasses 980 acres of which 386is developed, was begun in 1961 by Buffalpo investor Paul Snyder and is now owned by CNL Incomer Properties and operated by .
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