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big-yank

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big-yank

Re: None

Saturday, 01/31/2015 9:37:12 AM

Saturday, January 31, 2015 9:37:12 AM

Post# of 6681
Revised Plan of Reorganization filed and docketed last night, including a valuation study; another valuation is still to come, if it is ever filed. Common shares are still slated to be 100% impaired, meaning cancelled in entirety.

This is starting to move very fast, now. A bidder could still emerge, but that seems unlikely to me at this late date. If the retail bond holders get cut in for a piece of the pie, this looks like it might just sail through the approval process.

JMHO.
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