Thursday, September 10, 2020 1:47:37 PM
ASC 852- Establishes Criteria for Fresh Start Reporting
Holders of existing voting shares immediately before confirmation receive less than 50% of the voting shares of the emerging entity
https://www.valuationresearch.com/pure-perspectives/fresh-start-reporting-bankruptcy-emergence/
ASC 852- We anticipate we will be required to adopt fresh-start accounting
We expect that these conditions will be met
https://www.otcmarkets.com/filing/html?id=14335342&guid=JKh6Ua4Zfv_WX3h
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