MERRY CHRISTMAS EVERYONE. Looks like ZQKSQ stocks will be cancelled after all, but they will be diluted and exchanged for New Quiksilver stock as explained in section 6.10 of court document #5.32:
"In addition, Holders of Allowed Unsecured Notes Claims which are Eligible Holders or their Eligible Affiliates may participate in up to $12.5 million of the Exit Rights Offering on a Pro Rata basis in proportion to the principal amount of Unsecured Notes
Claims such Eligible Offeree (or, with respect to Eligible Affiliates, its affiliate) holds on the applicable record date." ..... "Depending on the corporate
structure of, and/or choice of equity for, Reorganized Quiksilver, Eligible Offerees participating in the Rights Offerings will receive shares of new common
stock, limited liability company membership units, or functional equivalent thereof in Reorganized Quiksilver."
Bottom line does that mean 172 million shares worth 12.5 million? $0.07267 each??
