Time for EVERY shareholder to write ( on paper ) a letter to the CH 11 Trustee with a formal request for a Shareholder Equity Committee , and send the letter by REGISTERED MAIL .
The Trustee is obligated by BK Laws to present ALL the formal requests to the presiding BK Judge for a Formal Ruling .
Writers MUST include their full names , addresses , phone numbers , and photo-copies of their LFGRQ share holdings , or the request will be denied for that person .
*** Be advised that your names , addresses , phone numbers and share holdings will become PUBLIC property and will likely be publicized in a type of document , most likely Pacer .
The letter does not need to be a book , just a simple but formal request for a Shareholder Equity Committee .
Argue in the letter that a Shareholder Equity Committee with legal representation paid for by LandAmerica's Estate is a rightful recourse under U.S. Bankruptcy Laws .
Argue that LandAmerica declared LIQUIDATION from the onset and that a more appropriate Chapter 7 should have been filed whereupon ALL monies left over after all other disbursements have been paid out would then go to equity shareholders . The Chapter 11 circumvented that appropriate process because Chapter 11's allow for equity cancellation and Chapter 7 DOES NOT allow for equity cancellation unless there is NO money left over . There never was any intention to re-organize or restructure and so the Chapter 11 was an incorrect Filing .
A Securities Attorney , IMO , would successfully argue that LFGRQ shareholders' rights were abrogated by LFGRQ's Chapter 11 when the filing should have been Chapter 7 from the onset . The Lawyer would successfully argue that there was collusion from the onset to deny equity shareholders their lawful entitlement to ALL monies left over upon complete liquidation , if any .
Personal disclaimer : I sold out of LFGRQ on the last contrived run-up in the share price , thinking that I could and would buy back at a lower PPS . With the recent Filings that declared cancellation of the equity I have not bought back any shares , BUT , I will extend my limited experience in Chapter 11's and 7's to anyone who may want to pursue their lawful right to challenge the equity cancellation .
Renee
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
