InvestorsHub Logo
Followers 190
Posts 1830
Boards Moderated 0
Alias Born 01/03/2013

Re: 4min post# 2025

Monday, 10/24/2016 8:01:23 PM

Monday, October 24, 2016 8:01:23 PM

Post# of 4800
Too early to tell with BBEPQ, they haven't written their Plan. It will state if shareholders recover or not.

Read PGNPQ plan for shareholders to receive 53% of re-org company. But even that needs to be approved, which happens at the very last bankruptcy hearing, the Confirmation Hearing.

PGNPQ Docket #647:
Class 8: Parent Interests.
(a) Treatment: On the Effective Date, the holders of Parent Interests shall retain their Parent Interests, subject to dilution on account of the Parent Ordinary Shares to be issued in accordance with this Plan. After the issuance of the Parent Ordinary Shares, the Parent Interests shall comprise in the aggregate fifty-three percent (53%) of the total outstanding ordinary shares of Reorganized Paragon without regard to the Management Incentive Plan Securities...

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.