Soupman Inc. (fka SOUPQ)

[OMMB]

That's all fine and dandy. The real question though is what's the share structure going to look like? It doesn't just remain as is. I'm not worried because of WC's ownership in the commons. That said, there will still be a share restructure.

To put it in simple terms, WC paid $6.7 Million to clean up the balance sheet. Since they don't own the whole company there needs to be a restructure so that the other shareholders (us) are helping to pay for it. The only way that can happen is if our overall ownership is reduced.

In bankruptcy cases like this new shares are often issued and it enables a restructure. Maybe commons get 1 for 2 and Gallant gets 50% of the new shares. That would mean Gallant/WC own 75% of the new shares and the rest of us own 25%.

I'm just spitballing here. Something is going to happen. Regardless I think we're good. I'd rather own less of a company with a clean balance sheet and great management than a company that's so riddled with debt and poor management skills that it has to file for chapter 11!!!!

I'm not bashing as I'm long. I'm just being realistic. Gallant didn't just swoop in and pay that money to save us. They need to be compensated.