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LexTrader

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LexTrader

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Re: harbs post# 125795

Friday, 09/25/2009 3:59:51 PM

Friday, September 25, 2009 3:59:51 PM

Post# of 316372
FRNTQ The proposed plan of reorganization provides for general unsecured creditors to receive $28.75 million in cash. An additional $40 million of the sale proceeds would be applied as repayment of the outstanding DIP loan. If the plan is implemented as proposed, the company's current equity would be extinguished and holders of that equity would not receive any recovery.

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