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1manband

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1manband

Re: otc77 post# 1189

Tuesday, 12/01/2015 4:24:49 PM

Tuesday, December 01, 2015 4:24:49 PM

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So what? Oaktree is going to own 100% of the company out of bankruptcy. They can do with it as they want. Either way, the current common shareholders get nothing. The common stock will be cancelled and the company turned over to the secured debtholders (Oaktree).

There is nothing of value here for common shareholders. Anyone who buys and holds the stock at this point will be wiped out by the bankruptcy court's cancellation of the common stock.
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