Here's your answer buddy, sounds like good news to me - not an extension for the August 3 hearing, rather an extension to July 26 to file the amended Plan:
"As previously represented to the Court, subsequent to the filing of the Debtor's and the Committee's Disclosure Statements, the Debtor presented the Committee with a proposal for a joint plan of reorganization. The Debtor and the Committee have been discussing possible resolution of the presently competing plans and those discussions remain ongoing. Both the Committee and the Debtor remain optimistic that a joint plan of reorganization can be negotiated and presented to the Court and the creditors for consideration . . . . the Committee requested additional detailed information and calculations from the Debtor which will take additional time to prepare and supply . . . extend current deadline for filing of amended documents and motions to July 26, 2018, eight days prior to the August 3 ,2018 hearing".
Here's my 2 cents - they are doing calculations on how much existing equity will have to retain to keep the NOLs - they'll hopefully agree on a certain percentage (i.e., existing equity retains 50.1%).
