ENER 1, INC. (fka HEVVQ)

[THEBROKE1]

On January 4, 2012, Mike Zoi requested the Board of Directors of the Issuer to appoint a special committee to propose terms on which one or more of the Reporting Persons would purchase from the Issuer an amount of securities in the Issuer that would result in their holding a majority controlling ownership stake in the Issuer, which purchase would be intended to provide sufficient financing for the Issuer to avoid being forced to file for Chapter 11 protection. Mike Zoi has also had communications with certain debt holders of the Issuer expressing interest in potentially purchasing from such debt holders certain of their outstanding loans payable by the Issuer.


just curious.the plan calls for shares to be cancelled once the company emerges from bankruptcy can a judge change any parts of the plan or would he just reject the whole thing.what happens if mike zoi proved that he offered other options instead of bankruptcy.