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mjk_investor

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mjk_investor

Re: dontknowsht post# 239

Thursday, 07/30/2020 1:07:06 PM

Thursday, July 30, 2020 1:07:06 PM

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I'm not an attorney but it looks like shareholders will get one warrant per share which will give them the right to purchase 1 share of the new stock at .01 (1 penny) per share. Presumably the new share price will be much higher than 1 penny after re-org due to the reduction in debt as a result of the bankruptcy proceedings.
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