DigitalTown, Inc. (DGTW)

[trader59]

Absolute priority is really meaningless here, since the company has no assets ($2501 in their bankruptcy filing). Leaving the equity standing is meaningless at best and likely harmful, since any new lenders will be pre-diluted by 2.9B shares already in the O/S. The real kicker is there is no evidence of business operations, revenue was ZERO last reported, and liabilities have gone up nearly double. In order to get any capital to make something to sell, somebody has to toss money into this pit, and that's unlikely since they are stiffing the last set of lenders that did that.