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trader59

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Re: badshah post# 8647

Sunday, 04/05/2020 10:18:25 AM

Sunday, April 05, 2020 10:18:25 AM

Post# of 63388
Gonna respond anyway...

If shareholders, as a class, believe they are being duped in this bankruptcy, this is in court, so they’ll have to hire a lawyer and petition the judge to be heard. There’ll have to be evidence that the company or the assets are worth far more than the company (and its stalking horse bid) is forwarding in their financial reports, because they haven’t shown a value that would pay the debts the company owns. Be aware that the creditors owed all that money have yet to do that themselves, and they’ll be first in line to be paid from any additional value the company has.

I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.

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