Will the EC be putting out an additional Q & A for the benefit of the shareholders?
I am concerned about the lockup period of the shares and if they will be tradable after confirmation. Also, is the NewCo looking to be traded on an exchange and how long is the application period?
Thank you for your response.
Sincerely,
XXXXXX
Response:
Hi, thanks for the message. Yes, we are preparing the Q&A. These things always take longer than I hope and expect, and I know there are many shareholders eager for information, but I believe it will be available within the next few days. Our current plan is to file it with the court as a supplement to our letter to shareholders in support of the plan. It will contain a discussion of the restrictions on trading the shares that I hope will answer your questions. I believe proposed articles and bylaws of the reorganized debtor will be filed at some point before confirmation and those documents too may provide you with the information you are looking for.
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.