Chartwell International, Inc (fka CWLTQ)

[jaxstraw]

They must have finally implemented the POR distribution.

.... and 5,498,503 shares to the existing holders of its common and preferred stock.

Under the plan of reorganization, the registrant has 21,994,013 shares of its common stock issued and outstanding, which shares will be subject to a 1:2 reverse stock split whereby each two outstanding shares of common stock will be exchanged for one share of common stock, following which the registrant will issue 98,973,058 shares to ERH, 5,498,503 shares to the holders of unsecured claims and 5,498,503 shares to the existing holders of its common and preferred stock. Under the plan of reorganization, the registrant will merge with ERH--following the 1:2 reverse stock split, change of name to Covalent International, Inc., increase in authorized shares of common stock to 500 million and distribution of stock