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Sam_Sh

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Sam_Sh

Re: None

Tuesday, 03/08/2016 3:48:44 PM

Tuesday, March 08, 2016 3:48:44 PM

Post# of 893
GDPM filing Bankruptcy and Shareholders options

"Goodrich said it has already launched an offer to exchange all of its outstanding unsecured notes and preferred stock for its common stock. If the exchange offers are not taken up, the company said it would likely file for Chapter 11 bankruptcy protection.

A bankruptcy would wipe out holders of unsecured notes, preferred and common stock, as it has pledged its assets as collateral to its secured bondholders"

http://www.marketwatch.com/story/low-oil-price-claims-another-victim-goodrich-petroleum-to-miss-bond-interest-payment-2016-03-08
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