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Re: Z31 post# 20260

Saturday, 03/20/2021 11:33:34 PM

Saturday, March 20, 2021 11:33:34 PM

Post# of 20604
Z...there is NOTHING saying existing shares will transfer to new shares. You are holding onto some hope that IRNC will drop an update or some kind of news that will transfer your existing shares.
This is a debt restructuring plan. Your shares are being cancelled....you hold class 5 shares....you have no say....IRNC implemented the “CRAMDOWN” provision.

“Cramdown Under 11 U.S.C. § 1129(b)(2)(C)
40. With respected to Classes 5 and 6, the Debtor has invoked the cramdown provisions of 11 U.S.C. § 1129(b)(2)(B) & (C). “

If you think IRNC will transfer your existing shares....then buy them up bud.

Even if IRNC remains....those existing shares are DONE...CANCELLED...to be replaced with a new class of shares.

You have to wait for news of a new ticker if that happens....I believe it will...but don’t listen to me....make your own mind up. I’m just giving you facts....not bullsh*t.

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