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justthefactsmam

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justthefactsmam

Re: None

Tuesday, 01/22/2019 1:02:57 PM

Tuesday, January 22, 2019 1:02:57 PM

Post# of 37346
don't forget that part of esl's bid was a credit bid. he is agreeing to cancel his $1 billion + debt which shc owes him as part of the purchase agreement.

that means what he has left to "control" the company is the 50% + common stock position that esl's and the other entities he controls have.

other than the 1+million shares he returned to the company, he has not agreed to relinquish any of his stock.

certainly seems reasonable the common stock will not become worthless.
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