And one more thing. ROHIQ needs to be in bankruptcy to cancel common shares. They can't just decide to say too bad soo sad everyone. We took your money & now your shares are worthless.
They would need to convince a judge why its necessary to screw EVERYONE over & thats an argument that needed to be filed in the original plan, not as an emergency motion.
The facts are ROHIQ's exit plan is in place. The $300 million exit financing is in place. That hardly makes them insolvent now does it?
They are scheduled to exit chapter 11, and emerge a profitable company so are you saying now two days before the exit they are planning to file an emergency order to request common shares to be canceled? Really? On what grounds?
Then take into consideration it costs Rotech $700,000 a month, not including 10% trustee fees for every month in BK on a base $500 million per year income. So now they have the EQT in Checkmate they are jack it all up & open the door for the biggest dog pile fight yet?
Come on dude. That's delusional. If they were going to try & pull that nonsense it would have been done in the original chapter 11 filing. Not as an emergency motion 2 days before exit. The plan was submitted lock, stock & barrel. There is no changing anything about the plan at this point. It's finished. Game Over!
AI
