4Licensing Corp. (fka FOURQ)

[mrholty]

POR and DS is out.

Docket #887 and #888.

All claims holders to be paid in full.
Equity will retain interest in the company and in reorginazation is expected to be worth around $.69 upon emergence.

Their reorg plan assumes they can grow revenues fairly quickly and will be a 100% licensing company with only 8 employees.

I hold some shares and will continue to hold upon emergence. Reading between the lines I can see a plan for them that is risky but could be a lotto play. They also have over $110M in NOLs out to 2031 that could be used if they can get profitable.