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trader59

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Re: garyhalvo post# 26174

Tuesday, 07/28/2020 11:58:38 AM

Tuesday, July 28, 2020 11:58:38 AM

Post# of 43522
What the article says is the "investors" don't seem to understand how a bankruptcy acquisition works. It says the "investors" seem to believe that a $1.7B offer goes to them, and it doesn't. It goes towards the company debt. Shareholders would only be paid if all the debt and bondholders were paid in full.

With that offer, the shareholders, bond holders, and unsecured creditors are all getting nothing.

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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