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Re: goodietime post# 627643

Saturday, 06/27/2020 11:37:40 AM

Saturday, June 27, 2020 11:37:40 AM

Post# of 749756
goodietime, Yes, the amount is de minimis. However, it prevents equity from being cancelled. This de minimis amount is split 75/25. Which keeps both preferred and common shareholders alive. We agreed to give the de minimis to charity. We are now the impaired class. As such, we inherit the estate. Do you recall the statement concerning our escrow cusips which says our escrow cusips, in and of themselves, doesn't entitle the holder to any future distribution. That statement means that something else must occur. One of those things is equity must not be cancelled. To avoid cancellation, all classes above equity must be paid. That happened on June 10.

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