J.G. Wentworth Company (fka JGWEQ)

[powerbattles]

Make sure you read Form 8-k the Pre-packaged restructuring filing. I am not a harsh critic. Good luck to all. Happy trading.
https://ih.advfn.com/p.php?pid=nmona&article=76063838

The Plan shall provide for the appointment of a five-member board of directors of the Company following emergence from bankruptcy, which five members shall include the CEO of the reorganized Company and four other directors selected by a majority of the Consenting Lenders. The Company may, at the sole discretion of a majority of the Consenting Lenders, go private before, on or following the Effective Date, including terminating PubCo’s existing registration statements, deregistering all unsold securities, suspending PubCo’s reporting obligations and delisting from the OTCQX. The reorganized Company shall maintain the current “Up-C” structure until the closing of a bona fide sale of the reorganized Company or all or substantially all of its assets, and only if the new board of directors requires the Up-C structure to be collapsed.

https://ih.advfn.com/p.php?pid=nmona&article=76063838