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Re: LouisDesyjr post# 1606

Monday, 07/13/2015 5:43:40 PM

Monday, July 13, 2015 5:43:40 PM

Post# of 1755
with all due respect 8k for july 8th stating that there will be no proceeds left after the distributions...and the commons will be worthless is a commmon practice in all of the bk companies....things to note that this company stating commons worth less than common being canceled is the key in the wordings...commons are canceled if the co. either files for ch7.or handing the co. over to its lenders verses commons being worth less is when a co. is coming out of bk(restructuring a plan) with its stock....worth much less than expected.imo at this time its in the air...till after the closing and the actual distribution...and following the reorganizing plan we can make a better judgement as to where this is going....gl .

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