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Post# of 30990
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1manband

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1manband

Re: bonoinvest post# 29570

Saturday, 01/12/2019 2:45:49 PM

Saturday, January 12, 2019 2:45:49 PM

Post# of 30990
Sorry, but that information is not correct.

RCPIQ is in Chapter 7. Automatic liquidation. The equity will automatically be cancelled at the conclusion of the bankruptcy. 100% guaranteed.

If it were a Chapter 11 bankruptcy, reorganization of the equity would be theoretically be possible. But not under Chapter 7.

Anyone holding common shares of RCPIQ at the conclusion of the bankruptcy will lose 100% of their remaining investment.
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