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risk101

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risk101

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Monday, 05/16/2016 12:58:35 PM

Monday, May 16, 2016 12:58:35 PM

Post# of 13693
Every latest filings use same language. Midsates, Ultra, and some of the others. They all say that common shares will be extinguished if plan is accepted. That is IF everybody agrees with the plan. I doubt that Sandrige's 38% holdings from institutional investors will just accept and give up all their rights. The main creditors don't get to vote to approve the plan since they benefit from it. Only the ones who will be affected get to vote and agree to give it up. Nothing is final.
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