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Re: None

Thursday, 05/25/2017 10:16:11 AM

Thursday, May 25, 2017 10:16:11 AM

Post# of 669
Equity Committee

Wexford filed a motion to appoint an equity committee. Reef Road Capital sent a letter yesterday joining the motion and volunteering to be on the committee. They believe there should be "significant value" for equity and "substantial equity value" "even allowing for a substantial margin for error."

That being said you have to take it with a grain of salt as this is an argument by a company who invested in the shares probably after BK was announced and the current plan if confirmed wipes out equity. I believe the hearing is set for June 5th.
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