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Re: ernie44 post# 1486

Tuesday, 01/21/2020 10:51:16 AM

Tuesday, January 21, 2020 10:51:16 AM

Post# of 1850
Their bankruptcy attorneys/other legal counsel should be listed on the filings. They represent all the rats, period. As I said, once they filed EVERYTHING 'legal' must now go through the bankruptcy court. Its total bullsht but that's just how it works.
So if you are a large shareholder or fund manager and held this joke from $10 down, you had best do whatever it takes to form a bankruptcy to represent all commons in the BK court. ALL it should take is the proper motion for the BK judge to approve of an EQ/CM.
An equity committee is much better than having hundreds of individual shareholders trying to 'wing it' alone against the creditor committee (basically who the company is now working for, truth told).