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Re: Black-Ops post# 135486

Tuesday, 12/22/2020 10:52:50 PM

Tuesday, December 22, 2020 10:52:50 PM

Post# of 232862
It ran like a scalded dog when it became very obvious there was large shareholder equity and shareholders organized to petition the court for an equity committe, but was very volatile.between .50 and a dollar. Then it emerged that a hedge fund was a shareholder and sought to negotiate for themselves as a separate class in settlement. Stock ran to $1.78 before the judge and debtor put out a plan of reorganization that reserved huge sums of financial reserves for legal claims and estimated expenses that weren’t really solid, a compensation plan that gave full control to the ceo and left shareholders with new shares valued at .50 in the new company causing the hedge fund to lose their shirt.
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