InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
58,190.65
(
-0.19%
)
Post# of 45771
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Crow3

Send PM Follow Ignore
Followers 21
Posts 12423
Boards Moderated 3
Alias Born 07/06/2003

Crow3

Re: None

Saturday, 07/21/2012 1:02:20 PM

Saturday, July 21, 2012 1:02:20 PM

Post# of 45771
The current shareholders are not impaired because they wind up with the "same percentage of the company as they now have after the 1 for 10 split"... (GROUP 11)

They are unimpaired, ergo they are not allowed to vote on the plan.

The PP holders are impaired...if they do not make a contribution to the current plan, they get nothing. (GROUP 12)...If they do "help out" they get a watered down percentage of shares that they currently hold.

BUT they can vote. LOL!! Unless I misread..PP holders are royally screwed. To get anything, they gotta add to the pot.



Ole Crowe

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

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.

Sign Up