Robins, Hofmeister and the US Bankruptcy court have all confirmed the common and preferred shares will be cancelled.
This stuff is too funny - you can't cancel a percentage of the common shares - that would be illegal.
Janovec owned 80% of the Equity Interest via the preferred shares and the common shareholders owned the other 20% of the equity interest - and all equity interest is being terminated.
IG
"Are you gonna pull those pistols or whistle Dixie?"
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