From 8K: On August 23, 2010, the conditions precedent to the effectiveness of the Plan were satisfied or waived. As a result, the Plan became effective as of August 23, 2010 (the “Effective Date”).
Item 3.03 Material Modification to Rights of Security Holders.
Pursuant to the Plan, all equity interests in the Company (including outstanding shares of common stock, options, warrants or contractual or other rights to acquire any equity interests of the Company) were cancelled and extinguished on the Effective Date. Under the Plan, holders of equity interests of the Company will not be entitled to, and will not receive or retain, any property or interest in exchange for such cancelled equity interests.
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