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Re: Cobra Kai post# 51036

Tuesday, 06/04/2013 2:09:01 PM

Tuesday, June 04, 2013 2:09:01 PM

Post# of 71458
I agree, MOST debt holders convert in even tranches, especially when they have millions and millions of shares to dilute as it the case here. There is absolutely no significance to the even numbers.

Also, the judge does not care about the share structure of WGAS or probably even understand it. WGAS is not the focus of the bankruptcy proceeding. Most judges are not fully cognizant of the ways of the penny stock world. The judge will rule on what is placed before him/her with an extremely narrow focus on the actual bankruptcy with no regard for any ancillary deals or third party companies that had Possible deals in the works. If WGAS has any standing, it will get what any other creditor gets, which is probably nothing.

IMO, of course.
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