InvestorsHub Logo

1manband

12/26/15 11:55 AM

#1285 RE: CanItBThisEZ2Make #1284

That is not correct. The Common stock will be cancelled and shareholders get nothing. Only the debt holders will get stock, and the unsecured debt holders get $12.5 million to replace hundreds of millions of dollars of existing debt. Pennies on the dollar. Since they don't get 100% of their claims paid, the common shareholders get.........NOTHING.

It is all right there in the Bankruptcy Court Documents. I think you need to read them again.

http://www.sec.gov/Archives/edgar/data/805305/000119312515396500/d71104dex991.htm