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1manband

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1manband

Re: Richby30 post# 1241

Saturday, 12/12/2015 6:16:14 PM

Saturday, December 12, 2015 6:16:14 PM

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This is a done deal. The judge will absolutely accept as the Company is insolvent. And by filing bankruptcy all the debt automatically and immediately defaulted. The Chapter 11 Plan is the best for all concerned. And the common shares will be cancelled and common shareholders will get no payment of any kind.

Either way, the Common shareholders get nothing because they are entitled to nothing. They had negative shareholders equity.
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