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1manband

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1manband

Re: Advice_Needed post# 125

Thursday, 12/08/2016 11:56:09 PM

Thursday, December 08, 2016 11:56:09 PM

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The hearing to approve the disclosure statement was held on December 8th. The objection deadline and voting record date have past. The Plan is expected to be sent to debtors and creditors and the voting deadline is the 12th of January. The confirmation hearing date is January 24th. The LINEQ units are expected to be cancelled at that time, and the ticker will be deleted by FINRA shortly thereafter.

"On the Effective Date, existing Interests in LINN and LinnCo shall be deemed canceled, discharged, released, and extinguished, and there shall be no distribution to Holders of Interests in LINN and LinnCo on account of such Interests"

https://cases.primeclerk.com/linn/Home-DocketInfo?DocAttribute=2789&DocAttrName=PlanDisclosureStatementDocAttribute=2730&DocAttrName=PLANDISCLOSURESTATEMENT
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