OK, My wife tried calling corporate yesterday afternoon too like I did earlier, had to leave message with IR voicemails...
Our CPA stated the document they sent "pre-filled" required you to re-file/ammend your 2019 taxes if you did so already, but if you do sign it, and go that way, and as my wife reads K-1 description from SEC, is that you are taking responsibility for the amount of debt they state on the fkng K-1 form!
So DO NOT sign or do anything with this form. Greater legal minds need to be contacted to all of this, as I stated last week even, this Pandemic opened up a HUGE Credit Facility for all US corps to go to fast and get $$$ to keep operations afloat anyway, so FELP Execs doing this C-11 thing makes no damn sense - especially with $500 million in assets...
My wife's message to their corp offices was "how the hell can you expect any Shareholder to take responsibility for debt your Board/Execs created in poorly running your business". NO bankruptcy filing whatsoever form, calls for debt to go to Shareholders. How can they try to do this and so fast and with no normal BK processes commencing?? They had to already contacted all brokerages to know who firstly had shares too, which all adds to this mystery...
AI
