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Imagineer66

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Imagineer66

Re: OTCWealth101 post# 1581

Thursday, 10/13/2016 11:13:15 AM

Thursday, October 13, 2016 11:13:15 AM

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re:Extinguished. No plan has been announced. There was a court hearing on Tuesday regarding the establishment of an Equity Committee. There was strong testimony FOR the creation of the EC including a letter from the SEC recommending such. Hence the PPS surge from $0.07 to $0.27 the last couple of days. Judge is expected to rule tomorrow. I suspect we have exhausted the buyers willing to buy before the judge rules. Hence the price drop today as some are profit taking.

If the EC is established, I highly doubt the common will be extinguished as the testimony said there was $1-2Billion in equity left after paying all of the bills.
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