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Re: BeeDoubleU post# 163

Thursday, 01/25/2018 11:35:11 AM

Thursday, January 25, 2018 11:35:11 AM

Post# of 167
Yes, as far as we know the pre-BK share equity survived the Reorganization....BUT, the creditors could only acquire 87% of NEW equity if either the A/S was increased significantly or the pre-BK equity was reverse split to accommodate the NEW equity within the current A/S.
NEW equity never wants to be subordinate to pre-BK equity so something must occur for the NEW equity to have superior rights over the pre-BK equity.

As such we know nothing (yet) so I think it reasonable to urge caution in buying shares

To bite the worm of incite is to bite the HOOK of the antagonist . They win .