well, it's about time folks started worrying about the "commons". that is their only hope here is for the common's to be "saved". that is the ONLY thing folks should have been concerned with at all here. they should have read the bk docs on pacer and then payed attention to the monthly financial reports filed with the courts and not been worried about riconda's 8k settlements. that had nothing to do with the commons. but, ofcourse, nobody here understands corporate bk, so they only went by what was being posted on a non-stop basis about some 8-k that doesn't say squat about commons. the POR is the most important document and the monthly financial reports give a glimpse into how the commons might be treated. they showed not enough money to pay creditors. and if you know that commons are last on the list of priority payees, then you know that if the creditors are not paid in full, the commons are not getting anything. that is how bk works. grudge and wallstreet61 explained it all very well. maybe some of it is beginning to make sense to the board. who knows. all the talk about 3 creditor settlements had very little impact on the overall going concern about whether commons are gonna be saved. all the talk over r/m and what is going to happen to the company after bk may have nothing to do with the commons at all if they are cancelled. people getting excited over new board members - again nothing to do with the question of saving the commons. restructuring the company is what bk is all about, and unless all the creditors are paid IN FULL, the commons typically don't get to partake in the new entity of a bk company. that is part of bk rules. it's not up to the company to decide. you guys forget there are actual LAWS that govern the way bk is handled, and it does not include gifting commons a stock that is "going to da moon" over paying CREDITORS. the only reason that this stock is where it is right now, is because of the incredibly low float and share structure. however, in the event the commons get cancelled, not even the low float will matter, because the stock will cease to trade at all in the end. so, in the mean time, a low float is the only thing propping this stock up. imo
AI
