News Focus
News Focus
Followers 251
Posts 2749
Boards Moderated 0
Alias Born 02/15/2006

Re: hotmeat post# 603260

Sunday, 12/22/2019 10:28:43 AM

Sunday, December 22, 2019 10:28:43 AM

Post# of 749756
You keep spinning that underwriters were Class 19. But I have shown you the original stipulation and it merely said the underwriters were Class 18 or "equity". And POR 7 was voted on and approved with a preferred equity definition which does not include them. So all p holders were shortchanged is fact, because had the underwriters truly been settled in accordance with the terms of the plan, the 1.4 million shares unused would have gone to the p's. P's were to get these shares regardless whether Class 18 saw a dime.This finally dawned on Walrath. A federal bankruptcy judge ruled that nothwithstanding the clear terms of the POR the liquidation trust could take from one and give to another. Freaking unbelievable.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today