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StihlsawsRule

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StihlsawsRule

Re: Miami Sun post# 30486

Thursday, 08/20/2020 9:35:24 PM

Thursday, August 20, 2020 9:35:24 PM

Post# of 43522
OK that would work, wouldnt that also mean that the entity assuming the existing debt would also have to 'carry' the current shareholders? It would be awfully hard to justify a wipeout of commons IMO under such a deal.
How could wormberg justify wiping out class 12 if 1 thru 4 will continue to be paid as agreed, and the 'new OPCO' will still be called JC Penneys?
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