Ultra Petroleum Corp fka UPL

[Imagineer66]

I think I'm figuring this out.

For those of you who received "Offers" that is for the Rights Offering (RO) not for the conversion of your current shares. That Offering email tells you that you can buy 0.068xx additional new shares at whatever price they said. I don't know why some of you received different prices or even different offering ratios.

So, if you take advantage of this RO, you will receive 7 NEWCO common shares for every 100 UPLMQ common shares you currently hold. You will pay whatever your offer letter said, roughly $100 for every 100 UPMLQ current shares.

You will receive RO NEWCO shares bought + converted NEWCO from UPLMQ (UPLMQ*conversion ratio) on or about Mar 31 when Ultra Petroleum exits BK.

Hope this helps.