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Re: BottomBounce post# 4285

Thursday, 12/02/2010 7:06:00 AM

Thursday, December 02, 2010 7:06:00 AM

Post# of 6674
So my question is, will we find out about the commons, 60 days after December 15th? Being February 14th? Per this statement…?

“(i) the Company shall have filed a Plan and Disclosure Statement (each as defined therein) from 60 days following the Commencement Date (as defined therein) to December 15, 2010 and (ii) a Supermajority of Consenting Note holders (as defined therein) shall have approved a Business Plan (as defined therein) from November 30, 2010 to December 10, 2010.”

This is interesting as well


4. No Conversion of Series A Convertible Preferred Stock. During the pendency of the chapter 11 cases, no person or Entity that beneficially owns or acquires Series A convertible preferred stock in Blockbuster Inc. (“Preferred Stock”) shall be permitted to convert shares of such stock to Class A common stock or any other form of equity or ownership interest in the Debtors.

I just stumbled over this stock last night