It clearly supports everything I put in the following 2 posts about Mercuria owning 100% of the stock in the reorganized company when it comes out of bankruptcy while pre-pedition shareholders only stand to get whatever left over CASH (not stock) exists from the litigation proceeds AFTER the unsecured debtors are paid first (which is likely to be little to nothing).
Please note that the petition was filed on 11/6/18. People buying and holding ANWWQ after the original petition was filed do not get anything - NO CASH and NO STOCK. They will be left with nothing once the plan is put into effect.
NOT ONLY THAT. But on page 26 of the ROP (numbers are on the bottom of each page) it clearly states that the reorganized company that comes out of Bankruptcy will not be a publicly traded company.
Please know what you are trading and don't get stuck holding this when the plan goes into effect because on that date all current ANWWQ shares will be cancelled.
The Hearing for final approval of the reorganization plan is scheduled for March 26, 2019 at 2:00 pm.
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