Replies to post #108739 on DD Support Board and Research Team

[SPORTYNORTY]

Seriously?

You don't know this?

Means that the parties responsible for the financing going forward will receive 100% of the debtor's previously issued shares, which are being cancelled, not effecting the commons, and re-issued at higher conversion process because the company is paying back the financiers and debtors utilizing cash from ongoing operations in lieu of equity. As a safeguard, new shares are being issued pursuant to the old debt covenants as collateral. All old equity agreements, with the exception of the commons are extinguished, which IS WHY THE COMMONS ARE NOT SPECIFICALLY MENTIONED IN THE BK DOCUMENTS.