How would anyone own a fraction of a share?
In the reorganization plan it states:
THIS CLASS IS IMPAIRED BY THE PLAN.
4. Class(es) of Interest Holders
Interest holders are the parties who hold ownership interest (i.e., equity interest) in the Debtor. If the Debtor is a corporation, entities holding preferred or common stock in the Debtor are interest holders.
It clearly states that the holders of Common and Preferred shares are Impaired.
"Impaired when used an adjective preceding the words “Class of Claims” or “Class of Equity Interest”, shall mean that the Plan alters the legal, equitable, or contractual rights of the member of that class."
Where is the fractional shares coming from - you can't buy fractional shares?
IG
"Are you gonna pull those pistols or whistle Dixie?"
