Replies to post #444 on Quicksilver Inc. (fka ZQKSQ)

[C-Hucks]

Okay thanks for clarifying that for me. I just misinterpreted what i read.

[BingBing90]

So common stock for this new ticker won't be cancelled?

This reminds me of wet seal

[janice shell]

That's not how I read it:

All of the Company’s existing equity securities, including its shares of common stock and warrants, will be cancelled and extinguished, without holders receiving any distribution.

Existing Equity Interests - Treatment . On the Effective Date, existing equity interests in, and warrants to purchase common stock of, Quiksilver Parent (each, an “ Existing Equity Interest ”) shall be deemed canceled and extinguished, and shall be of no further force and effect, whether surrendered for cancelation or otherwise, and there shall be no distribution to holders of Existing Equity Interests on account of such Existing Equity Interests.

Cancellation of Instruments, Certificates, and Other Documents - On the Effective Date, except to the extent otherwise provided herein, all instruments, certificates, and other documents evidencing debt or equity interests in Quiksilver Parent shall be cancelled, and the obligations of the Debtors thereunder, or in any way related thereto, shall be discharged.

Issuance of New Common Stock - The issuance of the New Common Stock under the Agreed Plan will be exempt from SEC registration under section 1145 of the Bankruptcy Code or section 4(a)(2) of the Securities Exchange Act of 1934, as applicable. The New Common Stock shall be deemed fully paid and non-assessable.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10908834

As for the new shares to which you refer, when were they issued? The o/s hasn't changed materially since 29 May.

The number of shares outstanding of Registrant’s Common Stock, par value $0.01 per share, at September 9, 2015 was 172,114,522 .

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10910998

I can't find a record of a new issuance anywhere.

[LouisDesyjr]

The common shares ARE GOING TO BE WIPED OUT

I find it hard to believe that you are really a bankruptcy attorney, with such a completely wrong analysis of a basic Chapter 11 situation as to how the existing common shares will be treated in the bankruptcy estate.

There is nothing left for the common shares. The PR already stated that the common shares are going to be wiped out, and the financial reports show that all of the equity is gone (Stockholders equity is negative.)

Louis J. Desy Jr.