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Re: SC777 post# 4046

Tuesday, 05/12/2015 7:43:59 AM

Tuesday, May 12, 2015 7:43:59 AM

Post# of 19265
If the Plan is consummated as contemplated by the Term Sheet, our Existing Common Stock and warrants to purchase shares of our Existing Common Stock will be extinguished. Holders of our Existing Common Stock will receive on a pro rata basis warrants (certain terms of which are set forth in the Term Sheet) for the right to purchase shares of common stock in the reorganized Company only if the class of holders of the Existing Common Stock votes in favor of the Plan. If holders of our Existing Common Stock vote against the Plan, then holders of our Existing Common Stock shall receive no recovery on account of their Existing Common Stock. The holders of our outstanding warrants to purchase shares of our Existing Common Stock will receive no recovery on account of these holdings.
The Restructuring Support Agreement may be terminated upon the occurrence of certain events, including the failure to meet certain milestones related to confirmation and consummation of the Plan, among other items, and certain breaches by the parties under the Restructuring Support Agreement.

http://ih.advfn.com/p.php?pid=nmona&article=66090983

They did not specify price for the warrants, so I will assume that information is part of the motion for disclosure!

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