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LouisDesyjr

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LouisDesyjr

Re: willlbone post# 2328

Tuesday, 01/26/2016 8:40:49 AM

Tuesday, January 26, 2016 8:40:49 AM

Post# of 2346
When shares will be canceled? Within 10 days

The shares do not get canceled yet. There is still an 8 or 10 day appeal time that has to pass by. Once that passes, the court will enter an order for the 'effective date' of the plan. When that happens, then the shares will be canceled.

That usually happens before or after trading for the day, but sometimes the court will enter the order in the middle of the trading day and the shares stop trading at once.

Louis J. Desy Jr.

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