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Olde English 800

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Olde English 800

Re: None

Thursday, 10/27/2016 1:11:57 PM

Thursday, October 27, 2016 1:11:57 PM

Post# of 1571
PGNPQ REPORTED $2.7 Billion of debt at the start of bankruptcy. They are plan to issue 80 Million new shares to the holders of that debt. Mathematically, that equates to $33.75/ share, if this was expected to be an even exchange to wipe out all the debt. I dont think that number will happen, but I can assure you that the debt holders or bond holders are not going to agree with the stock exiting BK at $1.5- $4 as previously mentioned. It make no sense at all. Maybe $10- $15 to start speculation. Correct me if you know better.
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