There once was a company with big plans and a bright future but unfortunately things did not work out. So 4 major creditors had a special meeting with the share holders. The share holders voted in favor of 25 out of 26 for the creditors to take over the company. They will file a type of Ch 11 that will allow them to run a new company similiar to a utility company. The goals are to transport water from Fort Stockton through their pipline company to West Texas, Arizona, and even California. One of the major players is Salt Tech. The new company is not going to forget about their share holders because they also loss money. Current share holders will be able to sell their stock at their original purchase price in hopes that some will stay on and invest in the new company and even maybe make a profit. A win win and everybody lived happily everafter. The End!
So that is what I hear second hand. Take it or leave it.
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