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Hugodrax

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Hugodrax

Re: Fangster post# 31427

Monday, 12/12/2016 9:14:35 AM

Monday, December 12, 2016 9:14:35 AM

Post# of 36208
The conversion feature is only potentially "deemed equity" under GAAP accounting. It has NO bearing on the absolute priority rule in the bankruptcy code.

The whole face value is debt. Fact.

________________________________________________________

Caller: But why did you back away from your prior guidance?

Eric Kelly: I am sorry? Hello?

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