Wednesday, August 28, 2019 11:53:43 AM
"Prior to the Claims Consolidation Auction, on or about September 26,
2019, the Plan Administrator intends to file its next financial report for the period ending June 30, 2019 (the “Q2 2019 Financial Report”), which will include (subject to important, relevant assumptions, caveats, and notes) updated “Estimated Cash Available for Distributions” and
“Estimated Future Recovery” percentages, presented in a manner similar to those disclosed in the Q1 2019 Financial Report. The Q2 2019 Financial Report will include Estimated Future Recovery percentages for each class of Allowed Claims against LBHI both before and after D19. The “Estimated Future Recovery” percentages for the period after D19 (the “Minimum Rate”)
will be utilized in the Claims Consolidation Auction as the minimum rate at which a Sponsor Bid will be accepted for each Eligible Class."
9/26/19, next Q report
My posts are opinion and should not be relied on for your investment decisions.
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM