InvestorsHub Logo

m0n

Followers 197
Posts 31471
Boards Moderated 0
Alias Born 05/18/2009

m0n

Re: tchalla post# 2198

Wednesday, 08/09/2023 12:08:48 PM

Wednesday, August 09, 2023 12:08:48 PM

Post# of 2329
“New Common Stock” to be issued and page 19 states:

Page 19 - Common Stock to be cancelled without compensation:

8. Class 8 - Existing Equity Interests ?(a) Classification: Class 8 consists of all Existing Equity Interests. ?(b) Treatment: On the Effective Date, all Existing Equity Interests shall be cancelled, ?released, extinguished, and discharged and will be of no further force or effect. Holders ?of Interests shall receive no recovery or distribution on account of their Existing ?Equity Interests. ?(c) Voting: Class 8 is Impaired under the Plan. Holders of Allowed Interests in Class 8 are ?conclusively deemed to have rejected the Plan under section 1126(g) of the Bankruptcy ?Code. Therefore, such Holders are not entitled to vote to accept or reject the Plan.


https://www.kccllc.net/cyxtera/document/2314853230807000000000001

LoL

LoL

LoL

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.