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reaper247

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reaper247

Re: msiliezar post# 273

Friday, 03/15/2019 12:45:08 AM

Friday, March 15, 2019 12:45:08 AM

Post# of 1028
For years LGCY operated as a Master Limited Partnership.

Instead of shares, Legacy traded in “trust units.”

Like a royalty trust, LGCY was obligated to pay most of their profits to unit holders, leaving them with little to no cash reserves, after the $WTIC crash in late 2014.

LGCY has struggled to restructure in the last couple of years and is still carrying a lot of debt with notes coming due.

They seem to be struggling to find financing options to service the debt and notes.

Wish I could be more help.

GLTU, IMO and FWIW.

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