Wednesday, June 24, 2020 5:18:48 PM
They should have a reason why parity clause wasn't followed.
There are Chinese Oil stocks that continue to wind down in reverse splits and trade at $0.00 for years while the price of oil goes from $50 to $145 and down to $30.
My theory is they have wound down the subs to a point where the liability is quantifiable and decided. The ECAPS look like they received funds but cannot distribute to shareholders.
Have I understood that correctly?
Now, they can deal with the Holding Company and pay whatever they have to to wind it down as the stays expire.
I don't really know but would be willing to sell 10k shares for $10 each.
mojo
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