Replies to post #3386 on STW Resources Holding Corp. (fka STWSQ)

[sweet crude]

About Salttech

That could be an interesting move, and having backing from debt holders coukd set stage for rally if no reverse split...and even better if can get back to 'current' or reporting.

About Salttech
http://www.salttech.com/company/about.php

[manfromjax]

Current share holders will be able to sell their stock at their original purchase price

So, I am going to be able to sell my shares I bought at over a $1 at their original price?.

I find it hard to believe that current shareholders will get an "even" break on their shares. I have never seen it done before in my decades of investing.

You might get a ratio like 1:10, 1:25.. or some ratio OR get stock warrants to buy new shares in a new company at some fixed pps with a similar ratio structure.

But I will never say never.....

[Stay at home]

As wild as this seems, it would explain the lack of buying/selling and no real PPS movement. Unless you bought at .015 why sell now? Why would anybody buy now?

[Prudent Capitalist]

This makes no sense, and it would be unprecedented, IMO, that any Chapter 11 scenario could involve shareholders getting out of the shares at their investment cost. And, the notion that they would hold a special emergency meeting in connection with a Chapter 11 or handing over the company to creditors makes no sense, IMO. They would just do that.

I did not attend the meeting, and only those who attended can know just what occurred. But, FWIW - what I have heard, which like you is just second hand hearsay, is that the meeting last week involved an informal proposal from a third party funder to inject sufficient capital into STW to pay off debt and fund the water contracts and projects, in exchange for equity or some sort of royalty interest in the water projects, and that the shareholders in attendance voted overwhelmingly to proceed, with just 1 dissenting vote. Again though, that is just second hand hearsay, so who knows.

I guess we will only know when the company tells us something.