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So the tl:dr of the plan for shareholders

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bankmade   Wednesday, 05/09/18 01:22:19 PM
Re: None
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So the tl:dr of the plan for shareholders is this:
1. point 360 is suing medley for over 5m in damages
2. in the 4. Class(es) of Interest Holders... all shareholders will get a portion of that claim after class 5 is paid off
3.class 5 debt is $1,828,459.92... this debt will be reduced by 4 factors
a. $25,000 monthly payments
b. the sale of mvf assets
c. almost 300k in disputed claims
d. outcome of the medley lawsuit
4. barring points a,b,c 5,000,000-$1,828,459=$3,171,541 for payoff of shareholders.
5.the outstanding shares count is 12,740,506 and the float (outdated?) is 2.5m
6.based of the outstanding shares the pps would be about 25 cents a share.
7.based on the float it would be $1.26 a share.
(this is based on the fact point 360 wins the case. the payout would be oct 1st.)

8. This is a plan that has not yet been approved by the court as a plan confirmation date has yet to be set.
9. disclosure statement hearing is set for 6/28
10. they acknowledge that there is a possible adverse outcome in both the medley lawsuit and mvf liquidations but go on to say this will not affect the plans feasibility.
11. company is looking to delist.


the only question I have is why issue 5,000,000 shares to HWAY if they are delisting?


Panic buy high, wait, sell very low. Repeat to make others rich.
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