Golden Mountain Financial Holdings Corp. (fka FNBCQ)

[oich]

The disclosure statement as currently written indicates that a failure to vote by a class on approval is deemed acceptance. The US Trustee objected to this language. This is known as a “Ruti Sweetwater” provision. The Judge agreed and asked that this provision be removed from the disclosure statement. In other words, under the revised doc a failure to vote is deemed to be a vote against for classes eligible to vote.

New disclosure statement with the revisions is required to be filed by 6/21. The hearing is scheduled for 6/28.