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1manband

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1manband

Re: Advice_Needed post# 103

Thursday, 11/03/2016 4:43:51 PM

Thursday, November 03, 2016 4:43:51 PM

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Except that creditors take that kind of loss all the time in bankruptcies. Nothing unusual at all about LINEQ bankruptcy. And they will have plenty of opportunity to recoup their losses over time, as they are getting 100% of the new equity.

Most of the creditors have already approved the Bankruptcy Plan, so they are clearly satisfied with it. Even the Company is warning you over and over the units are going to be cancelled and almost certainly there will be no recover for unit holders. And even if there is some kind of recovery, it will be of minimal value. Read the 10-Q filed today.

https://www.sec.gov/Archives/edgar/data/1326428/000132642816000092/line930201610q.htm

The current trading price of the bonds is a good indication that there will be no recovery for unit holders.
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