Sigh, cant believe i even have to say this. $ZNGYQ commons are getting erased, don't let anyone tell you differently. Sick of my pm's blowing up trying to get me to push it. It is truly disgusting how many people just simply don't do any sort of due diligence on these matters and then proceed to pump it to anyone and everyone else. Good luck destroying all that hard earned money you all made. Wiped out in seconds.
This was only a few months ago, no objections or anything. Just more hearings on how much new equity they will receive.
Zenergy Brands Inc. intends to pay its unsecured creditors about 10% of their claims and eliminate the interests of its current equity holders, according to the energy technology company’s Chapter 11 reorganization plan. The plan will be funded by up to $375,000 in “new value” payments by the secured creditors and Zenergy’s continuing operations.
Key word NEW VALUE....Gee, how do you get NEW value....hmmm maybe...errm...oh yes yes i see i see...MAKING NEW SHARES Yes, that is it.
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