InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,282.34
(
1.85%
)
US TECH 100
17,712.93
(
1.71%
)
Dow Jones
39,265.67
(
1.45%
)
Brent Oil
76.31
(
-1.10%
)
Bitcoin
56,737.12
(
5.09%
)
Post# of 15495
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

jb1967lbk

Send PM Follow Ignore
Followers 11
Posts 1772
Boards Moderated 0
Alias Born 07/17/2006

jb1967lbk

Re: rudderman post# 14843

Thursday, 08/23/2012 3:48:19 PM

Thursday, August 23, 2012 3:48:19 PM

Post# of 15495
The Class 8 (old equity) was wiped out by the PoR.

"Class 8—Equity Interests

(a) Classification: Class 8 consists of all Equity Interests in the Debtor.

(b) Impairment and Voting: Class 8 is Impaired by the Plan. Each Holder of an Equity Interest in Class 8 is conclusively presumed to reject the Plan and is not entitled to vote to accept or reject the Plan.

(c) Treatment: All Holders of Equity Interests in Class 8 shall not receive any Distribution. As set forth in Article IV.D, immediately thereafter such Equity Interests shall be deemed cancelled, terminated and of no further force or effect."

"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital

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 InvestorsHub

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