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fojcol

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fojcol

Re: Ryguy008 post# 365

Tuesday, 09/29/2020 4:13:45 PM

Tuesday, September 29, 2020 4:13:45 PM

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From this article:

The plan, approved Wednesday by Judge David R. Jones of the U.S. Bankruptcy Court for the Southern District of Texas, will allow the reorganized company to continue operating with pre-bankruptcy note holders and general unsecured creditors taking over the equity.

NOTE HOLDERS AND GENERAL UNSECURED CREDITORS TAKING OVER THE EQUITY (IE: NEW COMMON SHARES....MEANING OLD COMMON SHARES ARE CANCELLED)
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