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Re: PinkBu post# 228

Monday, 04/24/2017 10:13:31 AM

Monday, April 24, 2017 10:13:31 AM

Post# of 669
I didn't even see this filing before I wrote my assessment below. Folks just shout "old shares would be cancelled." Of course. That is the essence of bankruptcy court restructuring. Shareholders would still get the "residual value" in the new shares or in the form of pay-off. As I stated, shareholders equity at last reported quarter was $345 million. Now, from the 8-k company filed on April 4, its total debt was $214 million (essentially the same level of debt that it reported in November 2016). So, Deerfield comes in and "acquires" the company. According to the company on the April 4 8-K, the bk restructuring will settle the status of its existing securities. READ MY EARLIER. I have added 40,000 shares today. Thanks and goodluck to all.
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