News Focus
News Focus
Followers 72
Posts 10407
Boards Moderated 0
Alias Born 09/30/2006

Re: Large Green post# 546449

Sunday, 11/11/2018 3:10:18 PM

Sunday, November 11, 2018 3:10:18 PM

Post# of 749756
THE WMILT's STATED MANDATE.....

TO LIQUIDATE, CONVERT TO CASH AND DISTRIBUTE TO BENEFICIARIES.

It plainly says convert to CASH LG, not shares.

I actually do and it's exactly what I said...liquidate the assets, then convert them to cash and finally distribute them. Liquidate does not necessarily mean to convert to cash which I assume many here believe it only means. They included convert to cash to confirm what it is to be liquidated into. See definition below...where is cash mentioned???



LIQUIDATE: wind up the affairs of (a business) by ascertaining liabilities and apportioning assets.

SYNONYMS: close down, wind up, put into liquidation, dissolve, break up, disband, terminate





25.2 Cancellation of Common Equity Interests:.., on the Effective Date, ALL Common Equity Interests shall be deemed extinguished and the certificates and ALL other documents shall be deemed cancelled.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today